A "cold shower" in Washington: Understanding the macro changes on February 11
Macroeconomic perspective: Why did yesterday's Washington make the crypto circle "calm"? Yesterday's (February 11) meeting and data brought everyone back to reality. 1. The "late spring chill" of macro liquidity: Non-farm data has killed interest rate cut expectations. Last night, it was announced that the U.S. added 130,000 jobs in January (far exceeding the expected 70,000), and the unemployment rate fell to 4.3%. Logic: The economy is too good, inflation worries make the Federal Reserve not in a hurry to cut rates. Impact: The "source of risk capital" is tightening. Bitcoin, as a sensor of global liquidity, first digests this macro bearishness through a pullback.
The non-farm data has been released, and the consequence of not lowering interest rates is --, the long position has lost, but the doctor still went in more, the bull returns quickly $ETH
This bear market is not over yet. The doctor's view is that this round is aimed at institutions. The current decline is definitely not finished. Don't think about catching the bottom; you can go long for a short period, set your stop loss properly, or try to short a bit! Do not hold onto your positions!!! $BTC $ETH