Overnight, the Bitcoin $BTC and Ethereum #ETH markets experienced significant fluctuations. The price of Bitcoin fell sharply by 3,000 points from its high, and small currencies also collapsed, swallowing up the gains of half a month. The main reasons include the negative non-agricultural data, the decline of GameStop stocks, the market's correction demand, and JPMorgan Chase's postponement of the Fed's first interest rate cut expectations to November, which led to bearish market sentiment.

Although the market is volatile in the short term, it is expected that Bitcoin and Ethereum will maintain an upward trend in the oscillating range before the Fed's interest rate meeting on the 13th. If Bitcoin bottoms out again in the 68400-68700 range, it can be used as an entry point for short-term gains, with the target at 70,000. For Ethereum, pay attention to the rebound opportunity above 3660, with the target at 3750.

Specific operation strategy:

- Bitcoin $BTC : Go long above 68900, with the target at 70500.

- Ethereum $ETH : Long above 3660, target 3750.

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The market is still highly uncertain, so it is recommended to be cautious in operations and keep an eye on the latest market trends and important economic data releases.