The latest employment and unemployment rate data will be released tonight, and market expectations are not optimistic. Analysts predict that the unemployment rate may rise, and the number of employed people may decline. These changes in data may be related to the recent tariff policies implemented, whose negative effects are gradually becoming apparent in economic indicators.

In the coming months, the unemployment rate may continue to rise due to tariff policies. This means that the capital markets may face multiple challenges in the next 7 to 8 months: rising inflation, declining employment numbers, and shrinking corporate profits. Based on these factors, the cryptocurrency market and the US stock market may experience a certain degree of pullback.

From a technical analysis perspective, the current rising market may be a false breakout. The price action of Bitcoin at the peak in January of this year is very similar to the situation in March, both experiencing high-level fluctuations for a month or two before showing a false breakout of the previous high, and then starting a downward trend.

For Bitcoin trading, you might consider taking a small short position around $110,300. If it rises to $112,000, you can increase your short position. The short-term target can focus on $108,000, while the medium-term target may dip to around $100,000.

However, investors should note that the cryptocurrency market is highly volatile and carries significant risks. Caution should be exercised when trading, and risk management should be implemented. At the same time, keep a close eye on the economic data released tonight, as well as any potential policy measures that may follow, as these factors could have a significant impact on market trends.