Data surprises do not mean that previous articles are not worth reading; they still have reference significance. As long as the judgment on the trend is not changed by bearish or bullish views, I will continue to make judgments based on the ideas expressed in previous articles. The only difference is that I have added the non-farm data as an assistant. Here, I would like to add a support level around 69171—69576. My suggestion is to primarily observe, and if opening a position, definitely set a stop loss. You can check around ten o'clock to see if there is significant capital entering to pressure the resistance level upwards.
Currently, we are in a period of market digesting data and making decisions on the bullish or bearish direction. In the long term, this data is once again favorable for the U.S. interest rate cuts, and once again favorable for safe-haven assets and the cryptocurrency market. Therefore, the long-term outlook is bullish, while in the short term, it is advisable to wait one or two hours for capital to enter before making decisions.
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