The market forecast released the day before yesterday proved correct — BTC indeed plummeted this Monday and is now consolidating around 86,000. The comment section is also filled with complaints.

Last night, the US non-farm payroll data was released, and the figures did not meet expectations, which directly increased the market's pricing of a Federal Reserve rate cut. Based on experience from several rate cut cycles, liquidity usually flows back into risk assets at this time, and the crypto market often follows suit.

From a technical perspective, the 86,000 level has already seen a significant drop, and the probability of a rebound is increasing. Another variable is the rate hike trend in Japan — once implemented, arbitrage trading may be unlocked, providing a trigger for a wave-like market movement.

In the next few days, the key will be how these two factors develop; the potential for a rebound might be greater than the chance of further decline.