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In the evening, in line with expectations, the non-farm adjustment is a pullback, and the Fed will resume rate cuts next Wednesday, but it will not raise by 50 basis points, only 25 basis points. Therefore, the expectation of a pullback in the evening's fundamentals is a bit larger. Currently, the pullback has already reached 700 points, and in the afternoon, it also gained 500 points, just barely. Although the current trend structure is weak, under the condition of solid fundamentals, there are still some uncertainties. Recently, the continuation of uncertainties has been poor, so it is better not to be greedy. The impact of the solid non-farm fundamentals is greater than the uncertainties caused by the rate cuts, and with multiple rate cuts being digested, the influence is becoming weaker, so a higher adjustment is still appropriate.
Look for a pullback around 112100 to 112500 at night, and watch near 109900. #btc #ETH