$SNDK ADP exceeded expectations, bearish in the short term; keep positions small when buying the dip.
ADP reported 86,000 new jobs in the U.S. in October, above market expectations of 69,000 but below the previous figure of 90,000. This suggests that while the labor market is not as weak as expected, overall growth is still slowing.
In the short term, the stronger-than-expected jobs data could lead markets to scale back expectations for Fed rate cuts, boosting the U.S. dollar and Treasury yields and putting pressure on BTC and ETH.
If the U.S. dollar and Treasury yields continue to strengthen, a crypto-market rebound may be capped. It is best to avoid blindly chasing long positions for now.
#Boundless将推出代币化AI推理计划 #美国中期选举：市场有哪些期待？
ADP reported 86,000 new jobs in the U.S. in October, above market expectations of 69,000 but below the previous figure of 90,000. This suggests that while the labor market is not as weak as expected, overall growth is still slowing.
In the short term, the stronger-than-expected jobs data could lead markets to scale back expectations for Fed rate cuts, boosting the U.S. dollar and Treasury yields and putting pressure on BTC and ETH.
If the U.S. dollar and Treasury yields continue to strengthen, a crypto-market rebound may be capped. It is best to avoid blindly chasing long positions for now.
#Boundless将推出代币化AI推理计划 #美国中期选举：市场有哪些期待？
