December non-farm payroll data came with a surprise—only 50,000 new jobs added, significantly below market expectations. The unemployment rate remained unchanged at 4.4%. This directly impacted the January rate cut expectations, which have noticeably decreased.

Currently, BTC is having a tough time. The current price is around $90,600, with a 24-hour increase of just 0.35%, basically fluctuating between $89,300 and $92,000. Market participants are all watching and waiting to see how the macroeconomic situation unfolds.

The key point is that during such times, the correlation between crypto assets and traditional financial markets is particularly evident. Any movement in the macro economy immediately causes the crypto market to sway. In the short term, it’s likely to remain volatile. The $89,000 level acts as support, while $92,000 is the resistance. In this uncertain environment, it’s important to manage positions carefully and avoid greed.