Today's non-farm payroll data has been released, which is considered a somewhat positive signal for the crypto market. What does weak data imply? Simply put, it indicates that more rate cut expectations are brewing. But honestly, the strength of this positive signal is limited, so don't expect any super bullish rally.

What to really watch is the performance of the US stock market and US bonds in the evening. If the 10-year US Treasury yield drops significantly, then BTC and Ethereum are likely to rise accordingly — this is a relatively regular correlation. Falling bond yields often mean that risk assets are gaining more liquidity support.

In terms of trading strategy, a short-term approach could be to consider light long positions. But remember one thing: this is based on observing the actual performance of US Treasury yields. If US bonds rebound, the situation needs to be reassessed. The current pace is to watch, not to chase.