Last night's $ETH market was essentially a combination of "data and sentiment" working together.



Nonfarm payrolls, unemployment claims, and wages were released simultaneously, with market expectations leaning toward a cooling labor market, which is generally favorable for risk assets. As long as the data doesn't take a sharp turn for the worse, the crypto market likely still has a chance for a rally.

The chart structure is also quite clear: overall, it's still oscillating upward, with higher highs forming. The consolidation seems more like waiting for data to dictate direction rather than a sign of weakness.

Tonight's key takeaway is simple: as long as the trend hasn't turned, stay bullish. There will definitely be shakeouts before and after the data, but a pullback that doesn't break support is an opportunity. Chasing shorts recklessly will only get you burned repeatedly.

In short: focus on going with the trend, and wait for the data to give direction before making bigger moves.
#Gate股票转仓功能上线
#Circle股价重挫17%
#预测世界杯葡萄牙VS克罗地亚
ETH4.77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
LeverageLatte
· 4h ago
If the non-farm data really delivers a major shock, after ETH pushes up, remember to reduce your position. The odds for Portugal in the World Cup are also moving—make sure to watch out for funds being diverted.
View OriginalReply0
GateUser-dce566e8
· 4h ago
The bullish thesis is fine, but with Circle’s 17% drop, the stablecoin narrative should be observed for now in the short term.
View OriginalReply0
  • Pinned