🍳In the time it takes to cook a meal, Bitcoin directly hit the doorstep of $62,000!

Just put down the spatula and looked at the phone, I was stunned.

Who pulled that big green candle around 9 PM?

$ETH Directly broke through 1,670, $BTC touched 61,700+.

Tonight's non-farm payroll data came out—only 57k new jobs in June, while the market expected over 110k. Nearly half the difference.

As soon as this data came out, the probability of a July rate hike dropped to under 20%.

Principal's Seema Shah put it bluntly: with employment growth this soft, the pressure on the Fed to tighten is really not that great. Hasset is still saying "the data is consistent with a strong economy," just take that with a grain of salt.

My view: The bullish data has already been digested a bit, and chasing at this level isn't cost-effective.

If you have long positions, you can move your stop-loss in batches; if you're not in the market, don't FOMO—wait for a pullback confirmation. The overall direction is bullish, but short-term indicators are overheated, and chasing highs is likely to get you shaken out.

The $62,500 level is the real tough nut to crack. If it breaks through, that's another story; if it doesn't, it'll likely pull back.

📌Position management is always more important than guessing the direction. Build positions in batches, set stop-losses, don't go all-in.

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