Non-farm data significantly decreased, Chuanzi again shows Old Bao with data that interest rates need to be lowered, these two continue to play Tai Chi...

After this week's Federal Reserve interest rate decision and Old Bao's remarks, along with the rise in the PCE index, the expectation of a rate cut in September dropped from 60% to 40%. After tonight's non-farm data, the expectation of a rate cut returned to 55%.

BTC tonight at 1172 is very critical; if it rebounds and stabilizes above this level, the current adjustment will end. If the rebound cannot go up, it will continue to decline further to test the previous high position at 1118.

In the evening, it is more inclined to look at a second bottom test. In the short term, there is support at 1130-1033, while the key resistance above is at 1160-1165, which can be referenced for entry.