The latest non-farm payroll report shows that inflation is on the rise, a piece of news that has led to a significant fall in the Crypto Assets market during the late night hours. Although some believe that tariffs will not affect inflation, the actual data indicates otherwise.



From a technical analysis perspective, the current market is exhibiting a strong downward trend. The daily chart shows that the price has fallen below a key support level, and the Relative Strength Index ( RSI ) is approaching the oversold area, but no obvious reversal signal has appeared yet. At the same time, the negative values of the Moving Average Convergence Divergence ( MACD ) are widening, and trading volume continues to increase, all indicating that downward pressure remains significant.

Although the market may experience a brief rebound, the overall trend still leans towards a pullback until it breaks above $1159 on the daily chart. Investors should closely monitor this key price level, as it could become an important indicator for the future direction of the market.

In this market environment, investors need to remain cautious. For Bitcoin, it may be considered to short in the range of 1136-1141 dollars, with a target price around 1113 dollars. The operational advice for Ethereum is to short near 3498-3510 dollars, with a target price of about 3358 dollars.

However, we must also recognize that the volatility of the Crypto Assets market has always been high. In addition to the impact of economic data, attention should also be paid to changes in the regulatory environment. The ProjectCrypto initiative recently launched by the U.S. Securities and Exchange Commission ( SEC ), as well as the digital asset report soon to be released by the White House, may have a significant impact on the market.

Overall, the current market environment is full of challenges, and investors need to remain vigilant and closely monitor various macro factors and technical indicators to make informed investment decisions.
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YieldChaservip
· 08-03 19:41
Rug Pull Rug Pull I was stunned by the attack late at night.
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CommunityWorkervip
· 08-02 16:24
Another wave of 50% Slump is coming, right?
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rekt_but_not_brokevip
· 08-02 00:50
Another wave of Get Liquidated scene
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GasWastervip
· 08-02 00:40
ugh another L2 migration incoming... these fees are killing me worse than the market rn
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DaisyUnicornvip
· 08-02 00:26
Once again, Grandpa Kaihua is here to invite everyone to enjoy the Bear Market.
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HodlTheDoorvip
· 08-02 00:25
After falling so much, who still dares to take the plunge?
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