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Middle East geopolitical tensions easing, which should not have a significant impact on the crypto market for now, but we still need to keep an eye on the development of the situation. Today's focus is on the upcoming non-farm payroll data tonight. The ADP and initial jobless claims data released this week are bearish for prices, so the non-farm payroll data tonight is likely to beat expectations. This would mean the probability of a Fed rate cut in March drops to zero, and even expectations for a June cut will cool down. As a result, the dollar will strengthen, U.S. Treasury yields will rise, and funds will flow out of high-risk assets (BTC), which is bearish for prices. Therefore, if you plan to go long at low levels tonight, you should be a bit cautious.
Currently, from the market chart, after rebounding to 74,000, there was a slight pullback, which repaired the MACD moving average. After yesterday's decline and consolidation, the buying volume is gradually decreasing. At the same time, the price found support near the previous secondary buy point. If the white session continues to oscillate around this level, there is a high chance of another upward push tonight. 70,000 is a key level; as long as it doesn't break below, the short-term trend remains bullish. So, intraday, you can consider buying on dips near 70,000.