The key now lies in the release of the American unemployment and non-farm payrolls data at 21:30 in the evening, which will influence the Fed's attitude towards rate cuts. Non-farm payrolls for January are expected to rise by 170,000, lower than the 256,000 recorded in December last year, but almost in line with the average level of the past three months. According to Dow Jones' forecast for this report, the market generally expects the unemployment rate to remain at 4.1%. It is estimated that the month-on-month wage growth in January will be 0.3%, and the year-on-year growth for 12 months is expected to be 3.7%. If the annual figures are correct, this will be the slowest growth since July 2024. Although non-farm payrolls may confirm that the pace of job creation in the United States is slowing, the more widespread view is that the employment situation remains stable and is unlikely to become a problem for the Fed at any time in the near future. It is difficult to break through $90,000 for BTC judging from the structural trend. Currently, the market sentiment is extremely fearful, with the majority bearish, but during after-hours trading, BTC is highly likely to rise to $99,000 and may experience a fakeout. Because $99,000 - $100,000 is the stop-loss range for many short positions, and it is a gap area on small timeframe charts, a fakeout may occur tonight, but there is also the possibility of a true breakout and continued upward movement.

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Recently, many small cryptocurrencies have plummeted, with a drop of more than 90%, and those who previously touted the "altcoin season" have gone silent. While there may be opportunities for a rebound in small cryptocurrencies, it's uncertain whether it's a "dead cat bounce" or a bottom reversal. If the circulation and market capitalization continue to rise crazily, it's highly likely to experience a temporary rebound followed by another fall. If the project parties consolidate and slow down the issuance, some high-quality projects that were listed earlier have the potential to stand out and achieve a 5-10x rise. The current market is unlikely to see a general rise, and the rebound opportunities are mainly concentrated in altcoins with consensus.