The non-farm payroll data set to be released next Friday could be a key turning point for the market. Recently, while Bitcoin prices have seen a Rebound, the volume is insufficient to support a sustained pump, which may just be an illusion caused by short-term speculative behavior. Many retail investors may be tempted by these slight increases, overlooking the potential risks.

Throughout history, whenever non-farm payroll data exceeds expectations, the likelihood of the Federal Reserve taking a hawkish stance increases. This often leads to a rapid decrease in liquidity in the cryptocurrency market, with Bitcoin typically bearing the brunt. If this data is strong again, it could further dampen interest rate cut expectations and accelerate the withdrawal of funds from the crypto market.

Currently, the price level of $107,200 should not be seen as a solid support; instead, it may become the starting point for a new round of decline. The seemingly "opportunity" at present is likely a trap carefully set by bears. The situation where Bitcoin breaks below the $100,000 mark may occur in the short term.

Investors should remain vigilant and closely monitor non-farm data and its potential impact on the market. Before making any investment decisions, it is essential to thoroughly assess the risks and not be misled by short-term price fluctuations. The high volatility of the cryptocurrency market requires investors to have a greater awareness of risks and market insights.