BTCUSD

Bitcoin is currently moving in a tight range around the pivot of 108,929.96. If it maintains its position above the pivot, a move upwards exceeding 109,706.89 towards the resistance levels of 110,216.15 and 110,859.25 seems possible. In cases of dips below the pivot, 108,420.70 serves as the first line of defense, and a deeper pullback towards 107,643.77 and 107,000.68 may occur below this level. Considering the high sensitivity of crypto assets to the DXY and U.S. Treasury yields in the short term, strong U.S. employment data could support the Dollar, increasing downside risks; while weak data could strengthen the likelihood of a recovery. In terms of risk management, price acceptance around the pivot and volume confirmation should be closely monitored.