The currency market plummeted, the non-agricultural data was not good, and the market was no longer speculating on interest rate cuts and rising, because interest rate cuts are equivalent to landing.

In the short term, we mainly observe whether Bitcoin 58,000 and Ethereum 28,000 can hold, which is also the previous low of most currencies. Of course, there will definitely be weak new lows.

This time, the global stock market also plummeted. Japan slightly exceeded its historical high and continued to plummet. The German stock market has broken through the recent head. The British and French stock markets fell sharply from a small double top on the weekly line. The US Dow Jones was the weakest, with two weekly top divergences. The S&P and Nasdaq fell sharply to the monthly rising trend line. This time it is estimated that the rebound will continue to fall.

The interest rate cut is not enough to offset the market's concerns about the risk of a US recession. The Wall Street panic index VIX soared 50%, breaking through the bottom of a year. Intel and Amazon's financial reports were not as expected. The quarterly financial reports of Google and Tesla released earlier were also disappointing.

Last time, the panic caused a rebound of half a month. This time, the big break of 60,000 was a technical break. The last break did not last, and the next week, the big sun recovered the lost ground. Ether 2800 repeatedly did not break, forming several supports, so the position is very critical. This time, we must be cautious. The strong support of SOL is around 135.

If there is no panic plunge, we must observe more and wait until the short-term technical side stabilizes and wants to rise before buying the bottom. Prevent extreme market conditions.