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Bit Eagle#Market Analysis 7.7
Last night, the global financial market made a deep correction, and the private employment population more than doubled as expected.
In addition, in the past few days, I also remind everyone to stop profit and reduce positions
(1) There are too many bulls in the US stock market, and highly bullish sentiment is a warning sign
(2) El Niño exacerbated global climate anomalies and rising prices, which became resistance to not raising interest rates
Judging from the data on the chain, the vitality of the market is still there:
(1) BTC did not flow into exchanges further
(2) The proportion of giant whales remained high, but did not increase further
(3) There is no large outflow of stablecoins from exchanges
Just look at the non-farm payrolls report at 8:30 tonight
Tonight's non-agricultural data is likely to be bearish, and BTC may fall a few more points, otherwise it may rise.
#BTC and # ETH will not go anywhere, hold patiently to avoid a short-term rebound.