#数字资产行情上升 Tonight's US employment data release will be a key barometer determining market momentum. Based on CME data, market expectations for Fed rate cuts in January have dropped to around 20%, essentially cementing a market consensus: interest rates will remain elevated for an extended period.

Looking carefully at this tightening cycle, the market has actually been digesting it step by step. The marginal negative impact is diminishing, and it's no longer as frightening. As long as tonight's data doesn't show significant deterioration, it could easily trigger that "bad news exhausted, then rebound" scenario.

Reviewing similar market records from last month, the market typically delivers surprises after data is released — this time will likely follow the same pattern. At this current juncture, we shouldn't be overly bearish. Instead, we should focus attention on potential structural opportunities that may emerge after the data release. The market is waiting for a sentiment reversal trigger point, and tonight's employment data could very well be that starting point. Crypto market rebounds often begin brewing from reversals in such macro expectations.