Can the 60,000 level hold up at all? This week is the toughest test for people working in the crypto market!

BTC has directly broken below the 60,000 threshold, with the intraday low dipping to 58,888. ETH also failed to hold the 1,550 support level, and SOL even broke through the 70 level. In the past 24 hours, more than 60,000 traders were liquidated, with a total of $173 million in assets cleared out. The market fear index has fallen to 12, and overall market confidence has already hit an all-time low!

But don’t rush in to buy the dip—this week’s real volatility is still coming:
On Thursday, the United States June nonfarm employment data will be released. The market expects 113,000 in new jobs and an unemployment rate of 4.3%. If the data turns out strong, the market will reinforce expectations that the Federal Reserve will tighten monetary policy, and crypto prices will most likely face another round of declines;
On Wednesday, central bank heads from multiple countries will gather at the Sintra Forum, and public remarks by relevant officials can easily shake up the market—any statement could trigger sharp rises and falls!

In addition, Samsung and SK Hynix plan to invest $1.3 trillion to further boost the semiconductor industry, and a gradual trend of chip price increases is beginning to show. On Tuesday, the United States and Iran will also restart negotiations, and there are uncertainties in the geopolitical situation!

To be honest: it’s better to stay on the sidelines until the United States June nonfarm employment data is released.
Right now, the risk of going long or short is extremely high. If you want to participate, only take a very small portion of your capital and test lightly. Around 58,400, you could use a small amount of funds to bet on a rebound, and if it rebounds into the 60,800 range, look for an opportunity to sell on the pullback. Until the trend is clearly established, preserving your principal is the top priority! #BTC：Treasury Crash Warning and Oversold Rebound Coexist $BTC