BitUnix analyst: Small Nongmin explosion triggers economic cooling, BTC short-term volatility expected, downward attention to 106.3K pressure and 104K support

According to BlockBeats, on June 5th, the ADP employment report for May in the United States only added 37000 people, far below the expected 110000, hitting a new low in over two years, reflecting a slowdown in the labor market. Data shows that companies have reduced their recruitment due to the uncertainty of Trump's policies, especially small and medium-sized enterprises losing job vacancies. Although salaries continue to grow strongly, overall employment is weak, which may lead to market expectations of an economic slowdown and an earlier timing of interest rate cuts. Trump has once again pressured Powell to cut interest rates as soon as possible, emphasizing that the US economy has fallen behind. In addition, the FedWatch tool shows that the market's probability of a rate cut in September has risen to 76.4%. BitUnix analysts suggest: In the short term, weak data may support BTC's continued rebound, and the market is paying attention to Friday's non farm payroll report. If the labor market cools down again, it will strengthen expectations of interest rate cuts within the year. Technically speaking, BTC's short-term pressure level is at $106300, and it is expected to challenge $108500 after breaking through; The support range falls between $104000 and $103500. It is recommended to take a wait-and-see approach and wait for further guidance from the non farm payroll report.