The non-farm data released at 20:30 last night far exceeded expectations, with employment showing exceptional strength, and the unemployment rate also falling in tandem.

The stronger the non-farm data, the more resilient the U.S. economy indicates;
the stronger the economy, the less urgency rate cuts carry. #Gate广场四月发帖挑战

And in the current market, whether it’s the U.S. stock market or the crypto space, what matters most is the expectation of rate cuts.

So the issue isn’t with coins, but with the expectation that the cost of money has gotten more expensive.

Near-term sentiment is somewhat bearish;
on Monday, U.S. stocks are likely to open lower, and the crypto market may easily form a correlated pullback. #比特币跳水29万人爆仓##币圈##区块链#