$BTC Last night, the January non-farm payrolls adjusted for seasonal changes were announced at 14.3, lower than the expected 17. The unemployment rate for January was announced at 4%, lower than the expected 4.1%. From the data, the employment rate has decreased, and the unemployment rate is also decreasing. This only indicates one thing: businesses are struggling, the number of resignations and job changes has decreased, while finding suitable jobs has become more difficult. This is quite similar to the current situation in China.

High prices, low income, both the domestic and US cryptocurrency markets have less fuel, and capital is hesitant to make reckless moves. Currently, both capital and investors are waiting for Trump and the Federal Reserve to send some signals to stimulate the market. Once the signals appear, capital will rally, and naturally, there will always be investors stepping in as the buyers.

The US January CPI year-on-year will be announced on February 12 at 9:30 PM. Today is February 8, Saturday. Based on the monthly cycle, there will likely be a sell-off to 88,000 points, or even lower, followed by a quick rebound, aligning with the rise after the CPI announcement on the 12th, leaving short-sellers in despair. It is also possible that after the CPI announcement on the 12th, a sell-off occurs followed by a rebound.

Therefore, it is advised not to choose to catch the bottom in spot trading, but to wait for the sell-off to buy in. For BTC, the current price is around 96,000; some people are afraid of missing out and choose to gradually build positions in spot trading, which is acceptable. However, for altcoins and ETH, it is better to continue observing; missing out is not scary, but buying in too high is more frightening.

Lastly, it is worth mentioning that the bull market is still ongoing, but do not consider the bull for now; first, let's see where the high point in the February cycle rise is.