Recently, the market has been poor, and the market fluctuations have no clear direction.

The market has been hovering around 95,000-85,000.

Yesterday, I saw news that Bitcoin mining hash rate has decreased by 7%.

Approximately 400,000 mining machines have been shut down, and the market is really bearish.

The recent decline in BTC is mainly due to the Bank of Japan's interest rate hike on the 19th and this week's non-farm payroll and CPI data.

This week's data mainly focuses on whether the Federal Reserve will end its easing cycle based on the data after three consecutive rate cuts, or if it will adopt more aggressive rate cuts.

Currently, on Polymarket, there is a bet supporting two rate cuts next year to support the labor market, which is one more than the dot plot.

The market generally believes that if the non-farm payroll data in November increases by 50,000, and if it falls below expectations, US Treasuries may once again drain liquidity from the financial market.

I think the market will only improve at least after Powell steps down and a new chair is elected.

Currently, with the market in turbulence, for those without trading experience, it's best to follow others directly or open a grid. Grids can earn interest, but if you trade yourself, I suggest going for high shorts and long positions; I do not recommend long positions.