Gold peaked around 4640, and the market has begun to enter a short-term consolidation phase. Today's bearish momentum was strong, and the key level at 2180 was easily broken.

Currently, the movements of Bitcoin and Ethereum are influenced by US economic data. The US non-farm payrolls report released a few days ago came in much lower than expected, causing significant market volatility. Next, the US CPI data will be released, which is another risk point that cannot be ignored—such data often directly impacts Federal Reserve interest rate expectations and can sway the overall sentiment in the crypto market.

At present, gold's trend is still testing the support level, and there is still a chance for bulls in the short term. But don't forget, in the coming trading days, US economic data will be the main variable. BTC and ETH investors should closely monitor these releases, as they often serve as catalysts for short-term market fluctuations.