The cryptocurrency market is once again undergoing adjustments. Following the release of the U.S. non-farm payroll data, the prices of major cryptocurrencies have seen significant falls. Bitcoin has retreated from its peak to $112,000, while Ethereum has fallen below the $3,500 mark. Notably, Solana (SOL) has experienced the largest retracement, dropping from $200 to $160, a decline of up to 20%.

The market direction seems to be influenced by multiple factors, including economic data and political factors. Currently, market participants have doubts about whether this round of correction has hit the bottom. Analysts point out that the attitudes of major institutions next Monday will be a key indicator for judging the market direction. If the institutions react negatively, the market may face further decline risks.

In this highly uncertain market environment, investors seem to be more inclined to adopt a cautious attitude. There is a viewpoint that the current stage may not yet be the best time to buy the dip or increase positions. Market participants generally advise maintaining patience and closely monitoring subsequent developments.

Despite the increased volatility in the market in the short term, long-term investors are still focusing on the future development potential of encryption currencies. The market generally believes that the current adjustment may provide better entry opportunities for long-term investors. However, when making investment decisions, investors still need to carefully assess risks and formulate strategies based on their individual risk tolerance and investment goals.

In the current market environment, investors should pay more attention to the fundamentals of the projects and their long-term development prospects, rather than short-term price fluctuations. At the same time, closely monitoring the global economic situation, changes in regulatory policies, and the movements of institutional investors will also help to better grasp market trends.