Orange Evening Interpretation 8.4
There were too many events happening in the macro world over the weekend, which directly caused the cryptocurrency market to collapse. First, the non-farm payroll data for July was released on Friday night, showing 73,000 jobs added, much lower than the expected 110,000, which directly shattered the narrative that "the labor market remains strong." The data for the previous two months was significantly revised down by 258,000.
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