4E: Bitcoin price volatility adjustment, US stocks hit their best performance in 30 years in May, the market is mixed

On June 4th, according to 4E monitoring, in early June, the bitcoin price once fell to $103,700, hitting a near-stage low, which attracted market attention. Analyst Captain Faibik pointed out that the current BTC long and short competition is fierce, with key support and resistance levels at $103,500 and $107,500 respectively. A break or break will determine the trend in the next stage. If it can stabilize at $107,500, it is expected to hit a new high of $117,000; but if it loses $103,500, it may return to short control. Another analyst pointed out that BTC needs to return to above $106,500 as soon as possible to avoid further decline. As of now, the bitcoin price is around $105,435, and it has been on an upward trend in the past 24 hours.
In terms of economic fundamentals, investors are closely watching the May jobs report due out on Friday. A number of economists predict that the increase in non-farm payrolls will be only 125,000, or below the "break-even growth rate" 153,000. If it continues to weaken, it could trigger a rise in unemployment and intensify bets on the Federal Reserve to cut interest rates this year.
4E cautioned that investors should remain vigilant and cautious about short-term market volatility until trade policy, employment data, and Federal Reserve dynamics become clear.