The data has come out, previous value 20.5, expected 21, published 21.
How should we view this data?
The published value equals the expectation, no surprises, neutral to slightly bearish.
The logic is very simple:
The number of unemployed has increased (from 20.5 to 21), indicating that the economy is not so strong.
The dollar will weaken, which is a short-term benefit for the cryptocurrency market.
But the data did not exceed expectations, so the impact is limited.
What impact does this have on the market?
Such data will at most lead to a rebound, it cannot change the trend.
ETH is currently around 2070, if it rebounds to the 2100–2120 range based on the data, it’s an opportunity to add to short positions.
The trend has already shifted from long to short, data can only affect the rhythm, not the direction.
Continue holding short positions.
If it rebounds to 2100–2120, add to shorts.
If it directly breaks 2070, add to shorts.
The target remains 2000.
The data is neutral, and the rebound is an opportunity to add to shorts.
The trend is downwards, continue holding short positions.
