Bitcoin has been oscillating around $91,000, and traders' moods are like riding a roller coaster. The recent 24-hour data is truly shocking—137,800 contracts were liquidated, with losses totaling $465 million, and the bullish market is filled with despair.

What’s even more heartbreaking is that the Federal Reserve has completely fallen out internally. The hawks advocate for a significant rate cut of 150 basis points to stabilize the economy, but the cautious voices are also concerned that cutting too quickly could trigger a rebound in inflation. These disagreements are playing out in the market as a real-money game.

Once tonight’s non-farm payroll data is released, we can basically see the Fed’s true intentions. The fear index has now fallen to 26, indicating that market sentiment has eased somewhat, but cautiousness remains strong.

There are actually only two options in front of us: one is to seize the pullback opportunity to buy low and bet on a rebound; the other is to continue holding cash and wait for more definitive signals. There is no standard answer to this question; it all depends on individual risk tolerance and market judgment.