3.30 Bitcoin Afternoon

U.S. January Non-Farm Payrolls data exceeded expectations, adding 130,000 jobs, with wages increasing by 0.4% month-over-month. This directly led to the near-zero probability of a rate cut by the Federal Reserve in March. Market expectations for "maintaining high interest rates for longer" have increased, strengthening the dollar, pushing up U.S. Treasury yields, and causing funds to flow from risk assets like Bitcoin into risk-free government bonds, creating a liquidity siphon effect.

In the short term, macro liquidity and institutional fund outflows suppress Bitcoin's ability to sustain a rebound. The strategy is mainly to sell high and buy low, with strict position control to avoid chasing highs.

Price rebounded from a low of 64,930, surged to 67,788, then pulled back, generally oscillating in the 67,000-68,000 range. The short-term rebound is a correction from oversold conditions and has not reversed the downward trend. Resistance levels are at 68,000-68,500, while support levels are at 66,000-67,000.

Trading suggestion

Rebound to the 67,900-68,400 range to short, targeting 65,500-65,000. The probability of a rate cut in March is nearly zero.