$DOGE Non-farm payroll data released positively, but U.S. stocks opened with a stunning reversal? Let's take a look at what happened in today's financial markets!
Today, the non-farm payroll data was released positively, and after the U.S. stock market opened, it immediately showed a strong upward momentum, briefly climbing to the 4-hour resistance level near 71500. However, the good times didn't last long, as the breakthrough momentum could not be sustained, and it subsequently fell below the hourly support level of 70000. Currently, the market is searching for the next support point, expected around 68800.
Meanwhile, Ethereum also could not escape, experiencing a pullback as well. It didn't even touch the 2600 mark before starting to pull back. However, there is strong support around 2420, so investors don't need to worry too much. It's worth noting that the sharp drop of Bitcoin also led to a decline in DOGE, but this just gave us an opportunity to add positions, with around 0.155 being an ideal position to do so.
Market conditions are volatile, and trends can change at any moment. Although the data is positive, the main funds taking advantage of the data to suppress the market is not a new occurrence. Therefore, we need to remain vigilant and closely monitor market dynamics to make timely and correct decisions.