Market Analysis:

Last night, influenced by non-farm payroll data, the rate cut dream was shattered, and the crypto market came under pressure and declined. BTC briefly dipped to $65,992 before quickly recovering, ETH fell below the $2000 mark, and in the short term, the market will continue to be dominated by the negative impact of non-farm data, maintaining a volatile bottoming-out trend, continuing to test lows!

Macro News:

1. The U.S. Bureau of Labor Statistics released the delayed January non-farm employment report, showing an increase of 130,000 jobs, far exceeding expectations, completely shattering the short-term rate cut hopes. The market's first rate cut is now postponed to July;

2. On-chain data shows a surge of 220,000 withdrawn coins (the largest since October last year). Perpetual accumulation addresses have aggressively absorbed 1.3 million ETH in 5 days (about $2.6 billion), reaching a record high in holdings. Historical patterns indicate that such accumulation peaks often occur 1-4 weeks before important bottoms, but whale accumulation does not mean an immediate surge; caution is needed for the bottoming cycle.

3. The negative impact of non-farm payroll data is unfolding, with U.S. stocks opening high but turning lower, leading the decline, crypto-related stocks leading the fall, and the positive sentiment completely fading. Funds are rapidly withdrawing from the crypto market.

Trading Advice: Please inquire during the live session
Special Reminder: Do not chase highs, do not bottom-fish, keep positions light, and enter and exit quickly!
‍#当前行情抄底还是观望？ $BTC $ETH