#数字资产市场动态 Tonight's Federal Reserve officials' speeches will become the market's absolute dominant factor, directly related to whether the rate cut expectations can be reignited. It is also the most important macro highlight today.

**Key Time Window**

From midnight to 4:30 a.m. tonight, three Federal Reserve officials will speak intensively. Any comments they make on inflation and interest rates could trigger market movements. Hawkish tones will suppress risk assets, while dovish signals may boost the rally—historically, such periods often trigger sharp volatility.

**Other Data to Watch**

· 6:00 p.m.: Bank of England Governor's speech, possibly hinting at the pace of global central bank policies
· 10:15 p.m.: US December industrial production, reflecting economic resilience
· 11:00 p.m.: US January NAHB Housing Market Index, the most interest rate-sensitive industry indicator

**Current Market Dilemma**

The tug-of-war between bulls and bears continues. Yesterday, Fed officials signaled hawkish views, dampening market expectations for rate cuts. $BTC and $ETH repeatedly clash at key price levels, with the total 24-hour liquidation amount soaring to $383 million, leaving bulls pressed to the ground.

On the other hand, recent US core CPI data retreating has stimulated a rebound, and crypto ETFs continue to attract funds. Institutional confidence has not yet completely collapsed.

**Technical Levels to Watch Closely**

The $3,300 and $3,461 levels for ETH are critical—breaking through could trigger a chain liquidation of longs, while falling below could target shorts. This is the short-term dividing line between strength and weakness; don’t hold against it.

**Advice for Traders**

1. Don’t use excessive leverage; this period has too many double explosions
2. Keep a close eye on officials’ speeches, especially how they comment on the "stubbornness" of inflation and the timetable for the next rate cut
3. If ETH fluctuates repeatedly between 3300-3350, it indicates market hesitation

In short, today is a "noise period" dominated by macro news. Stay calm, don’t panic over each data point or speech, and wait until the trend is clear before entering the market.