#2月非农意外负增长 Non-farm payrolls are positive for the economy, but the larger non-farm data is moving in the opposite direction. February non-farm employment data unexpectedly turned negative: seasonally adjusted non-farm employment decreased by 92,000, sharply contrasting with market expectations of a 59,000 increase. At the same time, the unemployment rate rose to 4.4%, up from the previous 4.3%. Over the past period, the market has repeatedly accepted the official narrative that the "labor market is stabilizing and a soft landing is possible," but this data directly challenges that view. For the crypto market, the real key issue is not this "surprise" itself, but how this macroeconomic surprise will reshape liquidity expectations over the coming quarters and thus alter the pricing logic of high-risk assets like Bitcoin.

Daily BTC chart shows two consecutive declines, with the price halted at the 20-day moving average. The KDJ indicator's three lines are turning downward from high levels, forming a death cross, while the MACD lines are moving upward. Trading volume has slightly decreased, and the overall trend is bearish, so the intraday strategy remains to rebound and short. Continue to short on rebounds around 69,500-70,000. Conservative traders can enter at 70,500-71,000, with a stop loss near 71,500. Target prices are around 68,500-68,000, with a break below targeting 67,000-66,500. If the support is broken, move the stop loss accordingly to lock in profits based on the situation!