February 11 News, due to the market's high attention to the upcoming release of the U.S. January non-farm payrolls and unemployment rate, Bitcoin prices have sharply retreated to around $66,000 in the past 24 hours. The dollar and U.S. Treasury yields are moving in sync, with Wall Street generally believing that employment may rebound, which would weaken the Federal Reserve's possibility of cutting interest rates in June, thereby putting pressure on risk assets including Bitcoin. The U.S. Bureau of Labor Statistics (BLS) will release the January employment report today. Economists expect non-farm payrolls to increase by about 70,000, higher than December's 50,000, indicating that the labor market, while slowing, remains resilient. The forecast range varies from a decrease of 10,000 jobs to an increase of 135,000, with the unemployment rate possibly remaining at 4.4%. Average hourly earnings are expected to grow by 0.3% month-over-month, with the annual growth rate slowing to 3.6%.

BlockBeats news, on November 20, according to CME's "Fed Watch" data, before the release of the US September unemployment rate and US Non-farm Payrolls (NFP) at 21:30 tonight, the probability of the Fed cutting interest rates by 25 basis points in December is 27.8%, while the probability of maintaining the current rate is 72.2%.

Deutsche Bank analysts pointed out that the market's focus on the September non-farm report has been delayed, which may affect the decision to cut interest rates in December, especially in the current situation where the employment market's rise rate is low, and any signs of weakness are attracting attention.

Standard Chartered Bank believes that despite the divergence in the Fed's decisions, a rate cut may still occur in December. The main reason is the anticipated weak employment data from September to November, which will affect the direction of monetary policy.