7.2 Evening

The core logic of the current market is firmly anchored to the Fed's hawkish tone, and the market has begun to price in expectations of another rate hike this year; CME interest rate futures data shows the probability of a September rate hike rising to 64%, and Fed official Warsh publicly stated that the primary policy goal remains curbing inflation.

The market logic is very clear: sustained strong employment data will give the Fed ample confidence to tighten further; only if employment data significantly falls short of expectations can it weaken the market's rate hike bets and ease the downward pressure on gold prices.

During the day, the white session showed a volatile repair trend, with prices firmly holding above the 595 level, hitting a high of 615, with a slow and steady increase throughout, showing signs of pre-digesting data expectations. However, aside from the short-term rebound, all predictions before the official release of the non-farm data are only speculative references and cannot be taken as conclusions. The technical structure remains the core basis.

Suggestions

BTC: Short at 6.15-6.20, target 5.95-5.80

ETH: Short at 1650-1665, target 1630-1605