#BTC #crypto2023 #ETH #Binance #Web3

Last night's non-farm data was very good, with a lower unemployment rate and a much higher number of employed people than expected. At first, everyone understood it as bad news, and such data itself brought the possibility of continued high inflation. But in the end, funds exerted their strength, and Apple's excellent financial report also gave the market confidence, which can be understood as suppressing expectations of economic recession, that is, optimism about a soft landing of the US economy. However, this optimism cannot be said to be really good for the time being, and it depends on the CPI in the middle of the month. Funds can explain that the economy has not declined, but it does not mean that inflation has been completely improved, so CPI is of great significance. If inflation does not change much, then all logic must be reshaped. There is another focus next week, whether the US stock market will continue to perform at a new high.

In crypto, Pepe went crazy on Binance. The market capitalization rebounded last night. Ethereum was stronger because of the exchange rate correction, but the intraday decline was a bit large. There should be no changes over the weekend, and it is estimated that the trend will continue to fluctuate. But the overall trend is not very good, which is also the truth. The prices of altcoins in level 2 are basically lower than those in the past few days. The market is slowly moving down. This trend is very slow, allowing you to slowly trap and then cut it all at once. At this stage, only Bitcoin is more playable, and the expectations of altcoins are not optimistic for the time being. At present, only Bitcoin continues to break upwards. There are other possibilities. Otherwise, if it still fluctuates below 3w, it will be a disaster for altcoins. Bitcoin and Ethereum will continue to fluctuate at a high level for the time being. Let's see next week.