Non-farm data will directly determine the market's expectations for the Federal Reserve's interest rate decision, which will also affect the short-term direction of Bitcoin. The easing of risk aversion sentiment triggered by Trump's tariff comments, strong U.S. employment data boosting the dollar and U.S. Treasury yields, and the cooling of market expectations for a June rate cut by the Federal Reserve. On Friday, the U.S. Department of Labor released March non-farm payroll data, showing an increase of 177,000 jobs, exceeding the market expectation of 130,000, demonstrating resilience in the labor market.

Strong data pushed up the 10-year U.S. Treasury yield and prompted the market to lower its bets on a June rate cut by the Federal Reserve, which also directly led to selling pressure on Bitcoin, showing a significant pullback after more than twenty days of continuous rise.