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The Non-Farm Payrolls report has been released. In March, U.S. non-farm employment increased by 178k jobs, significantly exceeding expectations by 60k. The previous figure was revised sharply from -133k, with a deviation of 11.8, indicating a typical "strong employment surprise" market trend.
Simply put: the stronger the non-farm data, the later the rate cuts, and the more pressure on the crypto market. This is the current core pricing logic of the market.
Trading suggestions:
Bitcoin: Short at 67,300, first target 66,000
Ethereum: Short at 2,080, target 2,000
$BTC $ETH