The recently released non-farm payroll data shocked the market. There are clear signs of weakness in the U.S. labor market, and economic issues have surfaced. This data has sparked widespread expectations in the market for the Fed to potentially cut interest rates in September.

However, a thought-provoking question arises: Is it too late to start cutting interest rates when the economy is already in trouble? The effectiveness of such an approach may be significantly compromised. Some argue that if preventive interest rate cuts are implemented early, it may lead to a smoother economic transition and avoid the current passive situation.

After the data was released, the cryptocurrency market reacted violently. Ethereum briefly touched a high of $4500 but quickly fell back. After the US stock market opened, the market encountered severe sell-offs, and Ethereum once dropped to around $4250 before experiencing a slight rebound. This round of market fluctuations has caused significant losses for many investors.

In this market environment, investors should not overly focus on cryptocurrencies that have significantly declined; rather, they should pay attention to assets that demonstrate resilience and the ability to rebound quickly. For example, projects like EIGEN and ENA show strong trends of capital inflow, and with positive news support, they may have high investment value at low levels.

Currently, the market is entering the weekend, and with the US stock market closed, there is a lack of new buying pressure, so the market is expected to be mainly volatile. The downside potential may be limited, and intraday traders can patiently look for suitable entry points for short-term operations. For investors pursuing a stable strategy, it may be advisable to wait until Sunday noon, when the market direction may become clearer.

In the face of the current complex market environment, investors need to remain calm, carefully assess risks, and allocate assets reasonably to cope with potential market fluctuations.