The first day of the weekend passed without any surprises, just as expected yesterday. After all, the two key data points this week—Non-Farm Payrolls and CPI—were both unexpected, which boosted investor sentiment. However, the focus is still on the Fed's monetary policy. Even though the CPI data was impressive, CME's expectation for a rate cut in March is less than 10%, and economists predict only three rate cuts in 2026. Of course, my view on this data remains unchanged. The economy is one thing, and Trump is another. If June marks the Fed's first rate cut in 2026, three cuts would already be decent. After all, there are only four Fed meetings after June, and before June, there are just two—March and April. As of now, the probability of a rate cut in March is very low, and the probability for April is also below 30%. It seems the market doesn't have much confidence in Powell, or maybe Powell anticipates that Trump will aggressively push for rate cuts after his retirement, so he's trying to maintain rates while still in office. But regardless, the U.S. moving toward monetary easing is inevitable—it’s just a matter of time. Looking at Bitcoin data, today is the first day of the New Year holiday and also the first day of the U.S. long weekend. Weak liquidity is completely normal, and trading volume isn’t high either. Starting Sunday, it’s likely to drop even further. At times like this, as long as there’s no unexpected drama, that’s better than anything. I even checked to see if Trump said anything crazy—thankfully, aside from his usual ranting, there’s nothing major. Plus, the Department of Homeland Security shutdown issue isn’t too serious; only part of the department is affected. The token structure remains very healthy. Although two support levels were consecutively broken, investors at these levels didn’t panic and exit, which is the biggest change in this cycle. During the downturn, there wasn’t much movement. Next, we’ll see if there’s any reaction when the price goes up. @bitget VIP, lower fees, bigger perks