Today is July 3rd at 11 AM. I just helped everyone grab the latest real-time data from Twitter and the big Wall Street institutions. Let's skip the fluff and talk directly about this market move from last night to today.

As everyone saw last night, the resilience of US tech stocks is indeed strong. Intel (INTC) fell to a low of $119, then was strongly bought back up to around $131. Overall, tech stocks are still in an upward repair trend. The core underlying factor behind this is the "surprise" US nonfarm payroll data released last night — actual new jobs added were only 57k, far below the market expectation of 114k. As the labor market weakens, the market begins to expect that the Fed may have to ease on rate cuts, which conveniently injected a shot in the arm for tech stocks and the crypto market.

With US stocks leading the charge, the crypto market has finally come back to life a bit, starting to show a "Green July" trend.

Bitcoin $BTC ‌ broke through the $62,000 mark last night, reaching a high of $62,137. Although later, due to insufficient overall support from off-exchange spot large capital, it has pulled back slightly and is now consolidating around $61,350. But as long as Bitcoin can stabilize in this range, the extreme panic of the one-way decline over the past two weeks has temporarily been put on hold.

Now look at Ethereum $ETH . Last night, the bulls took advantage of the positive US stock market news, coupled with BlackRock and other Ethereum spot ETFs seeing a net inflow of over $57k in a single day, finally showing strength and directly pushing past the $1,700 mark. The current real-time price is hovering around $1,702. Compared to the previous days of lifeless consolidation between $1,580 and $1,630, last night's rebound finally gave the bulls on the technical charts a bit of a breather.

The next thinking is simple: let's look at the market with the most natural logic:

The core focus now is whether Ethereum can firmly hold the $1,700 integer level. If from this afternoon to tonight's US stock market opening, ETH can stand solidly above $1,700, then short-term bullish momentum will likely continue to test higher levels with inertia.

But if the trading volume during the daytime today doesn't follow through, and the price falls back below $1,700 with shrinking volume, it means this is still a "temporary pulse" artificially boosted by macroeconomic employment data, and the weak structure in the big picture hasn't been fully reversed.

Since the market has started to show volatility, we focus on the gain or loss of the $1,700 level. Don't blindly chase highs; wait to see how the US stock market chooses direction at tonight's opening. Set your stop losses, like and follow, and let's communicate anytime during the session! #非农爆冷打压加息预期