Last night, the US November non-farm payroll data was released, and the unemployment rate suddenly jumped to 4.6%. At first glance, it seems a bit alarming, but the market's reaction was unexpected—it actually strengthened expectations for interest rate cuts. The two-year US Treasury yield also declined, signaling that the Federal Reserve may continue its easing policy next year.

Under this expectation-driven environment, the cryptocurrency market responded quickly. Spot and derivatives trading activity significantly increased, and institutional investors' accumulation actions are accelerating. Some analysts suggest that Bitcoin might retest around 80,000 at some point, but more importantly—every dip is an opportunity. Especially when we see institutional investors buying the dip, these signals often indicate something.

However, the macroeconomic situation remains somewhat complex. On one hand, Trump is calling for more aggressive rate cuts; on the other hand, the White House emphasizes the independence of the Federal Reserve. This inconsistency in voices often means that the market will move forward with volatility.

The current strategic approach is actually quite simple: don't chase highs, patiently wait for opportunities during pullbacks. You can focus on new projects within the Ethereum ecosystem that are currently popular in the community, while keeping track of the fundamentals of mainstream coins. The overall logic of the bull market hasn't changed; the journey might just be a bit more winding. What do you think about the future trend?