7.3 Yita: Nonfarm catalyzes an oversold rebound; the 1725 level determines whether the rebound can continue

$BTC
Entry: near 1720-1730 SL 1745 Watch 1650-1600

The Nonfarm report overnight came in far below expectations, directly sparking a rebound across the entire market. ETH moved in sync as well, delivering a strong recovery: it climbed continuously from the lows and touched the 1725 area at its highest. In the short term, bullish momentum was stronger than expected. But let’s be clear about the bigger picture: this is still an emotion-driven oversold rebound, not a trend reversal. In trading, don’t blindly chase higher prices.

The core driver behind this upswing was a shocking miss in Nonfarm employment. Market expectations for Fed rate hikes cooled sharply. The U.S. dollar and U.S. Treasuries also dropped in parallel, risk assets all warmed up together—Yita is participating in a passive rebound that follows the broader market.

There are no independent positive catalysts on its own: spot ETF fund flows have not shown any sustained reflow signals, and there have been no obvious changes in on-chain ecosystem or staking data. Without independent narrative support, there’s a lack of support for a trend-based upswing.

The medium-term outlook hasn’t changed: the key contradictions in the earlier downtrend (capital outflows, insufficient incremental inflows) have not fundamentally changed. Relying on just one piece of data can’t reverse the medium-term weakness. Both the rebound’s height and its sustainability are worth a question mark#非农爆冷打压加息预期