source avatar北幣逗狗

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After the release of U.S. employment data, U.S. stocks, gold, silver, and Bitcoin plunged sharply! The non-farm payroll figures were strong, and the unemployment rate remained low. This outcome far exceeded experts’ expectations, indicating a robust economy, reducing the Fed’s urgency to cut rates due to employment concerns. Job market issues are no longer a worry— the market is now more focused on inflation concerns. This also implies the Fed may be more inclined toward potential rate hikes. As a result, U.S. Treasury yields rose following the news, prompting pullbacks in gold, U.S. stocks, and semiconductor sectors— and of course, Bitcoin, which had already been struggling in recent days, fell even harder... Recent market volatility has been significant, but declines also present opportunities—we’ve been closely monitoring the right entry point this month. In fact, we sold all our stocks two days ago as a precautionary move, which now appears to have been a wise decision—we’re holding our Bitcoin short positions.

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