$NFP It dropped 18% in the last 24 hours, and the price of 0.0058 has left those who chased highs in deep losses. Last night, the Fed minutes sounded hawkish, and the nonfarm payroll data exceeded expectations, directly pushing up U.S. bond yields. BTC followed the stock market down 3% — over the past 90 days, the correlation between NFP and the S&P 500 has been as high as 0.68, more sensitive than most altcoins. CPI hasn’t been released yet, but the market is already pricing in higher interest rates for longer.

If you’re sitting on cash, 0.0050 is the previous low support. If it breaks below, don’t catch the falling knife — set your stop loss at 0.0048. If you want to try going long now, wait until 0.0055 holds firm before entering, and take profit at 0.0065. Don’t allocate more than 10% of your position. Once the U.S. stock market opens tonight and drops further, this level won’t hold.
Don’t just stare at the chart — the signal from commodities is earlier. Copper prices fell 2%, which usually hints in advance that capital is retreating from risk assets. I’m the old hand who uses macro data to exit at the top. Follow me, and losing less is as good as making money.