Good morning ☀️ Iron powder check-in 👍 Like and make big money 🍗🍗🌹🌹

☆
☆

BTC fell nearly 16,000 points in just 4 days! This big dump is mainly due to Miner Capitulation, continuous selling by the German government, expectations of selling by Mt. Gox, triggering market panic. This crazy fall is undoubtedly a heavy blow to the bulls. Then, right after that, we had yesterday's non-farm payroll. Many people had hopes for the non-farm payroll, but unfortunately, it turned out to be a lot of noise and little rain. The probability of the Federal Reserve keeping the Interest Rate unchanged in August after the non-farm data release is 95.3% (up from 91.2% before the release), and the probability of a 25 basis point rate cut is 4.7%. The probability of the Federal Reserve keeping the Interest Rate unchanged until September is 24.8% (down from 27.4% before the release), the probability of a cumulative 25 basis point rate cut is 71.8%, and the probability of a cumulative 50 basis point rate cut is 3.4%. The growth rate of non-farm employment in the United States has slowed down, providing a reason for the Federal Reserve to start cutting interest rates. Hiring slowed down in June, and data from the previous months was also revised downward, increasing the likelihood of interest rate cuts in the coming months. Data released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm employment increased by 206,000 last month, while the number was revised down by 111,000 for the previous two months. Economists surveyed had a median forecast of 190,000 new jobs. The unemployment rate rose to 4.1%, and average hourly wages also cooled. The encryption market showed signs of stabilizing yesterday after the bloodbath caused by the news. After this bloodbath, the encryption market, especially the future of AltCoins, will undergo changes, and some currencies will approach zero and be delisted.

☆
☆


After breaking through the 60000 level, BTC plunged sharply. It also broke through the bottom since March during yesterday's intraday trading. The short-term long support level was broken, directly reaching around 53300. Currently, the sentiment has slightly improved, and the trend has rebounded from around 53300 to around 57000. Looking at the hourly chart, the market has reversed, and the resistance level above is relatively strong. The RSI value is close to the oversold zone but has not entered the extreme oversold state. The daily chart is bearish, and the EMA short and medium-term moving averages are taking advantage of the current shorts, which may continue to decline. The focus in the future is to follow the breakthrough of the 58800 level. If the rebound fails to break through the resistance areas of 57800 and 58800, it means that the price will start to pullback again. Perhaps the short-term market will enter consolidation over the weekend. Overall, the main strategy is to maintain a bearish stance. Follow 57800 above, and then look at the 58800 area. Follow 55500-53500 below.



☆
☆



Ethereum's trend is linked to the broader market. It narrowly held the 2800 support level during yesterday's session and rebounded slightly in the evening. The current price is hovering around 2990. The short-term trend is still weak, with the Bollinger Middle Band continuing to trend downwards. The daily chart has seen four consecutive declines, and the lower band gap has opened. The resistance above is slowly moving downwards. If the rebound fails to break through and stabilize between 3050-3120, there is still a downside risk. The current trend is also in a range-bound consolidation. The key support and resistance levels will determine the weekend market. The overall trend is currently bearish, and it is recommended to focus on shorting the rebound in trading.