#非农数据公布：就业人口17.2万人，远超预期

Understand this non-farm payroll report, and you'll know why BTC and ETH are being hammered!

Brothers, many people watched BTC and ETH plunge last night, looking confused:

Haven't they already fallen this much?
Aren't they already oversold?
Why are they still dropping?

The real reason is hidden in the just-released non-farm payroll data!

This time, the US added 172k new jobs in May!

While the market expected only 125k!

Simply put:

The US economy is much stronger than everyone thought!

Here's the question:

What does a strong economy mean?

It means the Federal Reserve has no urgent need to cut interest rates!

Expectations of rate cuts decrease, high interest rates last longer, and market funding costs stay elevated.

And what does the crypto market rely on the most?

Liquidity!

The more money there is, the crazier BTC and ETH can rise;

The less money, the easier risk assets are to be sold off.

So when the non-farm payroll data came out, the market's first reaction was:

Rate cuts will be delayed!

As a result, the dollar surged, risk assets came under collective pressure, and BTC and ETH faced a new wave of selling.

More importantly, the current position.

BTC and ETH are already in a weak structure.

Longs have been continuously liquidated, and market confidence is very fragile.

At such times, any negative news will be amplified infinitely.

Many retail investors' biggest mistake is:

Seeing it fall too much and thinking it's cheap.

But the market never necessarily rises just because it has fallen enough.

Before macro pressures are eased, oversold can become even more oversold.

Remember one thing:

In a weak market, don’t try to guess the bottom; in a strong market, don’t try to guess the top.

The most important thing right now is not how much money you make, but surviving first.

My simple approach:

Light positions and observe, control risks;
Don’t chase rebounds, don’t heavily buy the dip;
Wait for liquidity to recover, then consider entering.

Here's a mantra for everyone:

Non-farm beats expectations = rate hike delay = liquidity tightening = BTC and ETH under pressure.

The market is always there; bullets must be reserved for the most critical moments.
$BTC ​$BTC ‌$ETH ‌