المنشور

This is why I’m not rushing to become bearish after the NFP reaction. The 162K jobs figure came in stronger than expected, unemployment held at 4.1%, and September rate-hike expectations picked up again. That clearly creates short-term pressure for $BTC and $ETH. But one economic report doesn't determine the entire market cycle. The real test comes next week. PPI and CPI will give us a better read on inflation, while the FOMC could ultimately shape expectations around the path of rates. If inflation remains sticky and Treasury yields continue climbing, the downside could extend. For BTC, $78.6K is the level I’m watching closely. For ETH, $2,428 and especially $2,400 are important areas of defense. A decisive breakdown would make the bearish structure much more convincing. But there’s another scenario. If CPI cools meaningfully and traders start pricing renewed rate-cut expectations, today's NFP-driven weakness could be reversed surprisingly quickly. So for now, I’m staying cautious rather than blindly bearish. My expectation is choppy and potentially weak price action early next week, with CPI likely providing the bigger directional catalyst. Until those major support levels fail, I see this as a correction under pressure not confirmation that the entire bull structure is finished. Let the data come first. Then let price confirm. $BTC $ETH