For the first time, Hong Kong investment immigration recognizes $BTC and $ETH as proof of assets.
The Japanese Financial Services Agency plans to treat crypto assets as financial products similar to securities, implement tax cuts and approve ETFs. The chairman of the Korea Exchange once again called for the listing of cryptocurrency ETFs to boost the market.
"Japan previously had a clear ban on Bitcoin spot ETFs, and cryptocurrency trading will be taxed up to 55%. The policy is in a tightening state. Koreans are crazy about playing with cryptocurrencies, and their trading volume ranks third in the world, far exceeding the local stock market trading volume in recent years. The two major developed countries in Asia have recently followed the pace of Europe and the United States to promote cryptocurrency reforms at the national level. From the perspective of global geo-financial fields, it seems that it has just begun."
The latest non-farm payrolls data for January released by the U.S. Bureau of Labor Statistics showed that employment growth has slowed down. The number of new non-farm payrolls in January was 143,000, lower than the market expectation of 170,000. The data for November and December last year were revised up by a total of 100,000, but the overall annual data was revised down by 589,000, the largest downward adjustment since 2009, indicating that previous employment growth may have been overestimated.
The initial forecast for the U.S. one-year inflation rate in February was 4.3%, the expected value was 3.30%, and the previous value was 3.30%.
The preliminary value of the University of Michigan Consumer Confidence Index in the United States in February was 67.8, the expected value was 71.1, and the previous value was 71.1.
Federal Reserve Monetary Policy Report: The economy is stable, the market is booming, beware of valuation risks, and plan to stop balance sheet reduction at the right time.
"The employment data was mixed, while inflation expectations and consumer confidence index showed the risk of stagflation. Risk markets fell on the news. These two forward-looking indicators are likely related to Trump's tariff policy. The expectation of a rate cut has been postponed to July."
Last week, the US Bitcoin ETF had a net inflow of 204 million and a trading volume of 17 billion.
Today's Fear and Greed Index dropped to 43, and the level is still panic, a new low in nearly five months.
……
From a technical perspective, after falling below 95k at around 5am this morning, a potential 4h-level rising center third stroke has been formed, and it is currently moving up to the fourth stroke. If it breaks through 10.14k, it will confirm the formation of a rising center, and there is a high probability that the downward trend will end, but whether there will be other strokes is unknown.
If it falls below 91.23k, a pessimistic 4h level descending center will be formed. At present, this situation has a low probability.
Currently, the "CharlesK7 Trend" indicator at the 4h level has turned neutral, and the 1D level is bearish.
The weekly buy point warning for the altcoin share OTHER.D mentioned last week has been denied, but it reappeared this week, and the Bitcoin share BTC.D has a weekly sell point warning. If both are confirmed simultaneously at the close of this week, there is a high probability that there will be a copycat market in the future, and it will not last short.
That's it.
20250210 by CharlesK7
