Market bearish factors piling up, where will Bitcoin's 60,000 level go?

Recently, various bearish factors in the market have emerged one after another, and many friends are asking, Bitcoin is now stuck around 62,000, what exactly should we do, and what is the future trend?

The US added 172k non-farm jobs in May, far exceeding the market expectation of 85k. The data can be said to be significantly above expectations. More importantly, the non-farm data for April was also significantly revised upward, from the originally announced 115k to 179k. With employment data strengthening sharply for two consecutive months, plus the US unemployment rate remaining stable at 4.3% for three months, the US dollar index was pushed to a high of 100.

This impressive employment data sends a very clear signal to the market: the US labor market has fully recovered from last year's lows, and the overall trend is very strong. This also provides ample support and justification for the Federal Reserve to continue raising interest rates.

BTC trading suggestion: 61,600-62,000, defensive 800 points, target 63,800, breakouts look at 65,300. #比特币回升5%