Why did Bitcoin and ETH lead a rapid decline in the cryptocurrency market despite the disappointing non-farm payroll data? Shouldn't the disappointing non-farm payroll data have been a boon for interest rate cuts? It should have been a clear positive, but instead, it accelerated the decline. Because in the current complex environment of "economic slowdown + sticky inflation + geopolitical conflicts," the impact of this non-farm payroll data on the market isn't simply a "positive for interest rate cuts," but rather it triggered deeper anxieties, particularly recession fears overshadowing expectations of rate cuts. Market concerns about a "hard landing" for the US economy have intensified dramatically. Investors are first thinking "the economy is failing," not "the Fed is going to cut rates." In this panic, funds are withdrawing from the high-risk cryptocurrency market. This is the main reason for the decline. The next step is to see how the US stock market performs. However, in the short term, panic is dominant; everything is interpreted negatively, and any potential downturn is seen as bad news. In this situation, is the previous article's prediction of "[Will there be another sharp drop in March?]" still valid? [[https://www.binance.com/zh-CN/square/post/296949132410450](https://www.binance.com/zh-CN/square/post/296949132410450), the March trend may come true: the monthly chart will show a short upper shadow and a long lower shadow, indicating that Bitcoin and ETH will first rebound slightly, then continue to fall, touching the lower Bollinger Band on the monthly chart. Bitcoin will be around $54,000, and ETH will be around $1,350. Currently, the upper shadow has been completed, and a lower shadow is expected afterward.]