Today, Trump signed an executive order: the US established BTC strategic reserves, and the market's reaction was unexpected! After the news was announced, BTC rebounded in the short term and quickly fell back, plummeting significantly in the morning before rebounding somewhat in the afternoon. The market currently seems to be waiting quietly for the release of non-farm payroll data, expecting a significant Fluctuation. The market welcomes three major events tonight! At 21:30 this evening, the US will announce the non-farm payroll data for February, which is the final non-farm report of the winter. The market expects an increase in employment of 160,000 people (institutional forecasts range from 120,000 to 170,000), with the unemployment rate expected to remain at 4%. At 1:30 in the morning, Fed Chairman Powell will give a speech focusing on economic outlook, inflation expectations, and policy adjustments, which will directly impact the market's expectations for Fed monetary policy. At 2:30, the encryption summit hosted by Trump will be held, and it is expected that the market will experience a stormy night! The non-farm data, Powell, and Trump's dynamics are all factors that could trigger a major market movement. At the time of writing, the market has Rebounded to 89000 from the low point of 84600, seeing whether it can continue to test the morning pressure point of 91200. The market is still in a range-bound state, and it is expected to Fluctuate within this range before the data is released.

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Two big news tonight, simply popularize it for the brothers.
The impact of non-farm employment on the currency circle
1. Market expected adjustment:
• Non-farm employment is a key indicator of the health of the US economy. If employment growth exceeds expectations, it may boost market optimism about the US economy, thereby positively impacting risk assets, including the encryption market.
• Conversely, if job growth falls short of expectations, it may raise concerns in the market about a slowdown in the US economy, exerting pressure on the encryption market.
2. Fed Monetary Policy Expectations:
• Non-farm employment data is an important reference for the Federal Reserve to formulate monetary policy. In the case of strong employment growth, the Fed may tend to raise interest rates to suppress inflation, which usually leads to the appreciation of the dollar, encryption and other risk assets may come under pressure.
• If employment data is weak, it may trigger market expectations of Fed rate cuts or loose monetary policy, which helps to enhance the market's risk appetite for encryption and drive prices higher.
The impact of the unemployment rate on the currency circle
1. Reflection of economic health:
• The unemployment rate is another important indicator reflecting the health of the American economy. An increase in the unemployment rate may indicate economic weakness, while a decrease in the unemployment rate indicates economic recovery.
• Changes in the unemployment rate will directly affect the market's expectations for the Fed's monetary policy, thereby affecting the market's trend.
2. Market sentiment and risk appetite:
• Changes in the unemployment rate will directly affect market sentiment and risk appetite. When the unemployment rate falls, market sentiment may be boosted, and investors are inclined to seek risk assets that can provide higher returns, so the encryption currency market may benefit as a result.
• On the contrary, if the unemployment rate rises, market risk aversion may increase, and investors may reduce their investment in encryption currencies.