June 7th Bitcoin Market Analysis

After the storm between Trump and Musk calmed down, the market's risk appetite has clearly recovered. The latest non-farm payroll data shows: the unemployment rate meets expectations, and the number of jobs is slightly higher than expected (lower than the previous value). This moderate data alleviates inflation pressure and avoids triggering recession concerns, providing support for risk assets.

Despite continuous positive news in the crypto industry (Circle's popularity, new IPOs emerging), Bitcoin still maintains a narrow fluctuation around the 100,000 mark. The S&P index returning to 6,000 points indicates a warming market sentiment, coupled with expectations of US-UK talks, suggesting that the weekend market may remain stable. The key focus is whether it can break through the current fluctuation range next week.

Trading suggestions:

Intraday support levels: 102,000-102,500 Go long

Intraday resistance levels: 107,500-108,000 Go short