Reflections after the plunge!

The job vacancy data released last night in the U.S. was much larger than expected, indicating strong recruitment demand from companies, and the labor market hasn't cooled down yet. The market lowered expectations for a Federal Reserve interest rate cut, the U.S. dollar index rose, negatively impacting the crypto market, and U.S. stocks opened high but crashed, dragging down BTC!

An on-chain issuance of 100 million USDC, with off-market funds continuing to enter for bottom fishing!

Next, we will look at Friday's non-farm payroll data and employment rate. If the news is favorable, there will be a wave of recovery over the weekend; if unfavorable, it will continue to weaken, with short-term adjustments as the main focus!

COW has yet to stabilize; stop-loss has been converted to WIF, and the focus remains on the SOL ecosystem in the near term! Previously positioned JUP PYTH can continue to be held.

Recently, we will continue to filter for strong cryptocurrencies. Remember to like + follow, and KA me at #加密市场回调 #DeFAI热点 #本轮牛市周期预期 $SOL $WIF $BTC