Market sentiment remains slightly volatile, with market expectations regarding the Venezuela event similar to previous patterns. The US has begun communication with Venezuela regarding oil imports. If an agreement is reached smoothly, it could help lower oil prices, thereby reducing some US inflation. However, I personally think the focus today is still the most important.

Today, two events are very significant. One is the release of the non-farm payroll data. From the current perspective, both good and bad employment data are considered positive. An increase in the unemployment rate might raise expectations for the Fed to cut interest rates, while a decrease indicates that the US economy remains optimistic. However, a rate adjustment in January is unlikely, and any changes after March will mostly depend on the direct negotiations between Trump and the Federal Reserve.

The other, even more important event is the potential Supreme Court ruling on Trump's tariffs scheduled for tomorrow. If the court finds Trump's tariffs illegal, it would be positive for easing US inflation and could support the Fed's decision to cut rates. However, for Trump and his administration, this could be uncomfortable and might also impact Trump's approval ratings.

Looking at BTC data, the 90,000 USD level seems to have been broken. Even if BTC dipped below 90,000 USD yesterday, it managed to stay above that level today despite the decline in US stocks, showing a different trend from the US stock market. Of course, it's still early to draw conclusions; we need to see how the market reacts after the non-farm payroll data and the Trump tariffs decision on Friday. If BTC can stabilize above 90,000 USD, that would be a good sign.

The chip structure is still changing. Investors around 87,000 USD are still participating in turnover. The current stabilization period is still short, and a stable bottom formation has not yet been established. Conversely, investors near 90,000 USD are relatively more stable. Let's wait until after today to see how things develop.