Non-farm data fell short of expectations; the market lowered expectations for a Fed rate hike


June non-farm payrolls added only 57,000 jobs, far below the forecast of 110,000. The bullish move lifted prices across the board: Bitcoin surged to 62180, Ethereum touched 1725, went long at 1622, captured 80 points, and returned 11658 USDT

After the market spiked, it quickly pulled back: Bitcoin is now at 61600, Ethereum at 1690. The core resistance levels remain unchanged: Bitcoin 62400, Ethereum 1720

Idea
Bitcoin: sell in batches in the 62400-63600 range; targets 60800, 58500, 57500, 55500, 53500

Ethereum: sell in batches in the 1724-1755 range; targets 1680, 1610, 1550, 1510, 1425, 1380

News continues to disrupt the market. Keep positions light throughout and strictly control exposure. The 62400-63000 range is the key watershed between bulls and bears—pay close attention

#Circle股价重挫17%
ETH2.18%
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BridgeBurned
· 07-02 18:05
62400-63000 watershed is reasonable, if broken, look for new highs; if not broken, continue to oscillate downward. I'll place a conditional order and go to sleep.
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PleaseReadTheWhitepaperFirst.
· 07-02 17:18
The nonfarm payroll data indeed gave the bulls a nice gift, but the 62400 level is a tough hurdle to cross. I'll wait and see for now.
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PositionLikeACat
· 07-02 16:53
Circle dropped 17%, which is a bit scary. Is something going to happen in the stablecoin sector?
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DaoPeripheralWorker
· 07-02 16:33
The long position at 1622 was spot on, but now around 1720 I’m leaning toward shorting instead. The news is too chaotic to go heavy.
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