On February 11, Bitcoin prices slightly retreated but remained around $66,000, as the market awaits guidance from several key macroeconomic data releases, including the latest U.S. employment report, Consumer Price Index (CPI), and potential government shutdown risks. Ethereum also came under pressure, staying below $2,000, reflecting a generally weak risk appetite in the crypto market. The total market capitalization of digital assets is approximately $2.29 trillion, down about 2.5% over the past 24 hours.
In the U.S., the delayed January employment report will disclose non-farm payrolls, unemployment rate, and wage inflation, serving as an important indicator for assessing the economic outlook in 2026. Previously, in December, about 50,000 new jobs were added, and the unemployment rate fell to 4.4%. Economists expect January’s job growth to rebound to 55,000, with the unemployment rate likely remaining unchanged. Tariff policies, immigration restrictions, and AI-driven automation of traditional jobs are considered major variables disrupting the labor market.
On inflation, China’s CPI in January rose only 0.2% year-over-year, below market expectations, while the Producer Price Index (PPI) declined 1.4% YoY, indicating manufacturing still faces price pressures. Diverging signals of global inflation have also increased uncertainty in risk assets.
Meanwhile, some U.S. government agencies face a shutdown risk at midnight on February 13. Market forecasts generally see a high probability of a short-term shutdown related to Homeland Security, and this uncertainty has also dampened market sentiment.
From a technical perspective, Bitcoin has entered a range after being blocked at the $70,000 level. The Relative Strength Index (RSI) is at 37, approaching oversold territory, and the MACD remains negative, indicating short-term weakness. If the price breaks below the $65,000 support, it may further test the $60,000 zone; the key resistance remains at $72,000, and only a break above that level could reverse the current trend.
Amid the dense release of macro data and policy risks, Bitcoin is at a critical decision point, with its short-term trajectory highly dependent on external variables.
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