In terms of macro narrative, the possibility of the Fed cutting interest rates in March is almost non-existent, and the current labor data will reduce the probability of a rate cut in March. This is within the market's expectations. As far as the current market sentiment is concerned, to be honest, the current macro data is of limited help to the market. After all, Powell himself said that the labor market is not very concerned, so let's look at inflation data, especially housing inflation. In general, today's labor data is good for the economy, but it is not conducive to the Fed increasing the number of interest rate cuts. From a technical analysis perspective, after nearly a week of adjustment, the price of Bitcoin has not given a strong retracement. The short-term repeated testing of support and pressure levels, but has not been able to form an effective breakthrough. Challenges at the macro level still exist, and there is no clear direction in the short term. The next weekend may enter "garbage time" and the volatility will not be too large. Therefore, the operation is mainly based on the short-term running of the shock range. #加密货币普及 #美国加征关税