Market Analysis:

After experiencing the "bloodbath" in the past two days, last night's market staged a shocking reversal! BTC violently rebounded from near the $60,000 cliff, with a maximum rebound to $71,729, almost recovering all the losses from the previous "crash"! ETH also rebounded to $2093. The market saw a strong retaliatory rebound in the early hours of February 7. However, is this truly a trend reversal or just a pause amid a downtrend?

Macroeconomic Perspective:

1. U.S. stocks surged significantly, boosting global risk assets and causing a synchronized rebound in cryptocurrencies. This was the core trigger for the crypto market rebound early this morning;

2. Hawkish expectations from the Federal Reserve eased slightly. Fed Vice Chair Jefferson stated that the outlook for the U.S. economy is "cautiously optimistic," expecting inflation to gradually fall back to the 2% target, implying no need for further tightening of monetary policy. Although no specific timing for rate cuts was given, this alleviated market concerns about persistently high interest rates, indirectly benefiting the crypto market;

3. Liquidation scales sharply decreased, panic sentiment eased somewhat, and a small amount of buying triggered a big震.

Trading Tips: The rebound is not a reversal. Don't chase highs or bottom fish!

Special Reminder: Watch more, act less. Violent rebounds are the most tempting traps. Protect your principal and save money for the New Year!
Personal Guess: Bitcoin will break below 5.