July 2 BTC/ETH Market Evening Report: Non-Farm Data Misses Expectations, Reducing Fed Rate Hike Expectations

The non-farm payroll data released this evening showed an increase of 57k jobs in June after seasonal adjustments, lower than the market expectation of 110k, leading to reduced predictions of a Fed rate hike. The market saw a broad rally, with Bitcoin surging to 62,180. The morning report's short position at 62,400 for Bitcoin couldn't be entered, while Ethereum surged to 1,725.

The morning report gave a short entry range of 1,680 to 1,720, with an average entry around 1,700. Most short positions from yesterday have probably been stopped out. If you still hold them, they remain unresolved. Stay strong, everyone. If you followed the article's advice—amid unstable fundamentals lately, trading with light positions—it's manageable. The average short entry is around 60,400. Hang in there. I deeply understand the pressure of holding losing positions🙏. I believe there is still a chance to unwind. Today's strategy remains to maintain short positions from highs.

Bitcoin surged to 62,180 and has now pulled back to around 61,600. Ethereum surged to 1,725 and faced resistance, dropping to around 1,690. Today, focus on the 62,400 resistance level and Ethereum's 1,720 resistance. If these levels aren't broken effectively, continue holding short positions.

Specific strategy:
Bitcoin: Short near the 62,400～63,600 resistance area, targeting support at 60,800～58,500～57,500～55,500～53,500.

Ethereum: Short near the 1,724～1,755 resistance area, targeting support around 1,680～1,610～1,550～1,510～1,425～1,380.

Remember to trade with light positions; don't overleverage. The news flow will keep stirring things up, so prioritize small positions!

Key focus: the 62,400～60,000 range—this is critical!!!

Are you still holding your short positions? At what price level are you trapped? Or have you already been stopped out and re-entered today?#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