Recent market sentiment for Bitcoin is high, with continued institutional purchases and a surge in ETF inflows. Bitcoin is expected to reach a historical high of $115,000 in early July. On May 22, the price of Bitcoin briefly broke through $111,000 but then retraced to around $103,100. Although the pullback has caused some concern in the market, sentiment remains optimistic, with the current 'Greed' sentiment index at 57 points, indicating that bullish confidence is still present.

The U.S. Bureau of Labor Statistics will release the employment report on June 6, and this data will impact the Federal Reserve's interest rate decisions, which in turn will affect Bitcoin's price. If the employment report falls below expectations, it could trigger expectations for rate cuts, thereby pushing Bitcoin up. If the employment report is strong, it may lead to a retracement of Bitcoin's price to around $102,000, or even dip below the psychological level of $100,000, but there still exists a long-term bullish expectation in the market.

Overall, there is potential for a breakout in the current market, but before that, there may be a wave of decline, picking up liquidity below and then sharply reversing. Care should be taken to prevent large fluctuations. It is difficult to take long or short positions at this level, so patience is key! $btc