The holiday week is over, the market has not come out, the concepts led by Ethereum have collectively weakened, and the big cake 2.8w continues to be boring. The non-agricultural data released on Friday was too explosive, it didn't feel real. However, the US stock market finally recovered and rose sharply after falling. The market needs to rebound, and it is not believed that this non-agricultural data will change the interest rate problem, so it is equivalent to moving the problem to next week's CPI. The problem has not been solved, but it has only made a short-term action, so the pressure on the US stock market will be greater next week. After the data, the probability of a rate hike in November is 21%, and the market needs clearer guidance.

For the crypto market, there is no good solution at present. Objectively speaking, the market is not in place. Bitcoin has stood firm because of the Israeli-Palestinian conflict, but the market is still worried, and the appearance of the copycat can be seen. Moreover, the structure of Ethereum itself needs to be stabilized, so there is no good way for the time being, and we can only wait. Although Bitcoin is fixed at 2.8w, it is not easy to continue to rush. This round of 2.49w went up, but Ethereum did not follow, which is the problem itself. So in terms of probability, 2.85w should be the end of this round of rebound, and it will continue to fluctuate between 2.55-2.85w. At present, it seems that it will take a long time. The data next week will affect the short term, and there may be opportunities at the end of the month. Pay attention to Bitcoin's 2.72w. If it falls, it will most likely return to around 2.6w. This round of Ethereum's decline will bring good opportunities for intervention, and we should be optimistic about the expected opportunities in the medium and long term for Ethereum. Anyway, it is a shock, and the opportunity is not great. Let's see the data next week. For the time being, let's see if 2.72w can hold up. #BTC $BTC