After the release of the non-farm payrolls data, the performance was better than expected at first, and the market reacted positively 📈. However, as everyone began to digest the expectation of possible interest rate cuts in the future, the sentiment gradually turned pessimistic, and the prices of Bitcoin and Ethereum also fell sharply 📉.

The market is full of uncertainty about whether the Fed will cut interest rates by 25 or 50 basis points at the September meeting 🤔. In the coming weeks, non-farm data, CPI index and Fed's resolution may have a significant impact on the market, especially in the current situation of lack of market liquidity.

Although everyone has different attitudes towards the future performance of cryptocurrencies, overall, the crypto market is greatly affected by the macro economy 🌍.

After the release of the non-farm data, the rapid change in market sentiment and investors' expectations of the Fed's interest rate cuts are one of the key factors driving market changes🔑.

As a risky asset, cryptocurrencies are easily affected by overall market fluctuations 📊. Especially when liquidity is insufficient, any negative news may trigger a large decline 📉. The performance of technology stocks such as Nvidia has also had an impact on the trend of the crypto market.

In the long run, insufficient liquidity remains a core issue in the crypto market. The market currently lacks new hot narratives, and there is insufficient motivation for capital to enter the market. Economic data such as non-farm payrolls and CPI will still have a greater impact on the short-term trend of the market 📅.

If future economic data is better than expected, the crypto market may rise 📈. However, investors need to pay attention to changes in the macroeconomic environment to cope with possible market fluctuations ⚠️.