Based on the current trend, if last night’s job vacancies and PMI really were the hard-hitting factors, then the upcoming employment data is unlikely to be calm, and a market sentiment reversal could happen in minutes.

As for the non-farm payrolls, it's too early to say anything now; let's wait and see if things can stabilize in the next couple of days. After all, last night's drop pushed the market back to the levels after Christmas, a swift return to square one. When this wave of panic sentiment will subside depends on the market's gradual recovery.

Returning to Bitcoin, last night’s crash directly buried the confidence of many who were bullish. Those looking for short-term profits have fled, and those at a loss have cut their positions; this wave of selling is harsher than I expected. This panic sentiment might also be an opportunity for short-term recovery.

From the perspective of short-term support, there are still quite a few chips supporting the market around 96k, and the defense line around 95k is currently quite solid. However, to maintain stability, it is likely necessary to wait until the non-farm data is released.