Look quickly! This two-cake candlestick chart breaks down the current market situation.

Just after the non-farm payroll data was released, with employment data exceeding expectations, the market's anticipation of a Federal Reserve rate cut was pushed further back, causing the US dollar index and US bond yields to strengthen accordingly.
The two-cake also came under pressure and retreated, crashing from the high of 2337, now fluctuating narrowly around 2326.

But look, it stabilized immediately after retesting around 2318, with solid support below, no signs of panic selling, indicating that funds still recognize the current price level.
The selling pressure at 2337-2340 is still real, making a short-term breakout quite difficult. Most likely, it will continue to fluctuate within the 2320-2335 range.

To put it simply, this is a typical oscillation correction driven by news disturbances. The impact of non-farm payrolls is more emotional and hasn't changed the current oscillation structure of the two-cake.
In terms of trading, avoid chasing highs or selling lows; just focus on buying low and selling high within the range.
If it breaks out, then adjust accordingly.
Control your positions well and avoid heavy bets on the direction. $ETH