Bitcoin failed to stabilize above 110,000 USD in the short term. Last night's non-farm payroll data had a certain impact on the market trend, as everyone in the circle hopes that interest rate cuts will come sooner to release more liquidity. As a result, last night's non-farm payroll data directly pushed back the expectation of interest rate cuts to September, which led to a sharp drop in the market after the data was released. Although it quickly rebounded, it still could not stabilize.

Bitcoin's 4-hour level breakout failed and continues to maintain a volatile trend. At the same time, U.S. stock markets are closed for a few days, and there is a possibility that Trump may stir up issues regarding tariffs, so everyone should be cautious of risks.