Attention: Bitcoin is pulling back to the 71K area, down from the previous level ahead of the highly anticipated US employment data release (AS, employment data). I see this movement is also influenced by the strength of the DXY, which remains solid; investors seem cautious before the employment report comes out.

Meanwhile, oil is starting to rise again due to the tense situation with Iran. So we have two different directions in the market—crypto is under pressure while energy commodities are supported by geopolitical tensions. A strong DXY also means capital flows from emerging markets are decreasing, which is not good for risk assets like Bitcoin.

So basically, we’re waiting for the US employment data first, which will determine whether Bitcoin can bounce or will test lower levels. The situation is still uncertain, but monitoring the DXY and oil prices is important to understand current market sentiment.