Good morning, brothers. Last night, the price of BTC plummeted to $92,000, and trading volume surged! What hidden market currents are behind this? Is someone madly bottom-fishing, or is the market about to experience a big reversal?

Last night, not only did the price of BTC fluctuate significantly, but a report known as the 'little non-farm' ADP employment report also drew attention in the crypto circle. The report shows that private sector employment growth in the U.S. in December last year was below expectations, and wage growth has dropped to the lowest level in nearly three and a half years. This seemingly unfavorable news actually provides space for the Federal Reserve to cut interest rates, which could be a positive for the crypto market.

Speaking of data, tomorrow night’s non-farm data and unemployment rate are of utmost importance. If the employment data is poor, BTC is expected to rebound rapidly to the $100,000 mark; conversely, caution is needed for the risk of a pullback to $92,000. But don’t worry, the average cost of BTC over the past two months has reached $96,000, and there has been outflow in the last two days, which may mark the beginning of a new accumulation phase.

It is also worth mentioning that the Governor of the Czech National Bank revealed yesterday that they are considering purchasing a small amount of Bitcoin as part of their diversification strategy for foreign exchange reserves. This news undoubtedly injected a shot of adrenaline into the BTC market. As countries increasingly incorporate BTC into their strategic reserves, its price stability will further increase, and risks will relatively decrease.

Recently, the market has mainly been affected by the Federal Reserve's less-than-expected interest rate cuts, but once economic data shows cooling inflation, combined with the push from Trump’s new policies, the BTC price is very likely to break through the $120,000 mark and create a new historical record.

In short, the volatility of the BTC market is always full of opportunities and challenges. But as long as we maintain rational analysis and closely follow market dynamics, we will certainly find our own path to wealth within it. Brothers, what do you think? Come and share your views in the comments!

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