2.12 Midday Market Analysis. The January Non-Farm Payrolls exceeded expectations, adding 130,000 jobs, and the unemployment rate dropped to 4.3%, causing a market stir! The rate cut expectations immediately cooled down, and the first rate cut may be delayed until July. The "New Federal Reserve News Agency" announced: a pause in rate cuts will last longer! Powell stated that the "economy is once again impressive," providing hawkish ammunition, while dovish voices took a heavy hit.

Even more surprisingly, the 2025 employment data was revised downward by 860,000, with the total increase for the year only 181,000, hitting a 20-year low! After dipping below the $1900 level yesterday, Ethereum is currently experiencing weak oscillations in the $1930-$1990 range. The overall structure remains a daily-level downtrend continuation, with the four-hour bearish alignment unbroken. Although there is a short-term oversold rebound demand on the hourly chart, the strength is weak. Market sentiment is in a state of "extreme fear," so short-term trading should focus on shorting rebounds.
BTC Trading Recommendations:
- Build partial short positions around 68,000
- Add to shorts between 68,500-69,000
- Stop loss above 69,500
- Take profit at 66,800-64,800

ETH Trading Recommendations:
- Build partial short positions between 1,980-2,040
- Stop loss at 2,100
- Take profit at 1,910-1,850