#非农就业数据将公布# Bitcoin is nearing $100,000! Can tonight's non-farm payroll data ignite a new round of surge?

The stable release of the latest GDP data from the United States has injected confidence into the market, eliminating the short-term risk of the economy falling into recession. The market is clearly more focused on data-driven signals. Tonight's non-farm payroll data has become the current focus, with market expectations that the unemployment rate will remain stable, although there are viewpoints suggesting that the unemployment rate may rise slightly. If the employment data performs well, it will further consolidate the upward momentum of risk assets, pushing Bitcoin to higher levels; if the data is disappointing, it may trigger a market correction.
On-chain data shows that the trading turnover rate of Bitcoin has increased in the past 24 hours, but remains within a normal range, reflecting rational market sentiment. Short-term profit-taking players dominate, while long-term holders continue to hold their ground. The range of $92,000 to $97,000 remains a key area of concentrated positions, but the price increase has not been accompanied by a significant rise in trading volume, indicating that liquidity has not undergone a structural change. The current upward trend may be more driven by the performance of tech stocks in the U.S. market rather than the intrinsic momentum of the Bitcoin market.
The correlation between Bitcoin and the S&P 500 and Nasdaq remains significant, especially in the context of technology stocks leading the way. The S&P 500 still has a 6.3% upside potential from its peak before the tariff turmoil on February 25. If the macro environment remains favorable and Trump's tariff policy does not further disrupt the market, the S&P 500 is expected to return to its high.
Given that Bitcoin usually amplifies the gains of US stocks, a 6% to 8% increase in BTC translates to a price range of $100,000 to $106,000, which is somewhat feasible.
In addition, the proposal in Arizona regarding Bitcoin strategic reserves could become a new catalyst for an increase. If the proposal is implemented, it will inject new institutional funds into the Bitcoin market, further driving up prices. The Federal Reserve's policy trends, Trump's tariffs and tax reduction plans, and other macro factors will still impact the market. #MemeBox Now Supports Solana# #NFP Data Release# #May Market Outlook#