Tonight's market focus is on the major non-farm payroll data, which is the key indicator today. Based on the ADP and initial jobless claims data released this week, the overall trend leans towards bearish for the crypto prices. The non-farm payroll data tonight is likely to perform better than market expectations.

If the data shows strong performance, the Fed's expectation of a rate cut in March may be directly dashed, and the probability of a rate cut in June could also be lowered. This shift in expectations often drives the US dollar and Treasury yields higher, leading to capital outflows from risk assets like Bitcoin and putting significant downward pressure on prices. Therefore, if you plan to go long at low levels tonight, please exercise extreme caution.

In terms of market movements, if the white session continues to fluctuate, risk prevention is crucial tonight: prices may rapidly surge to create a false appearance of bullishness, only to sharply reverse and experience a significant plunge.

Bitcoin (Big Pie) support is around 71,000-71,600, with a target down to 70,000-68,500.
Altcoins support is around 2,090-2,130, with a target down to 2,000-1,900. Breakouts will continue downward. #黄金白银走高 #加密市场小幅下跌 #GateforAI重磅上线