币界网报道：On July 3, BTC broke through the short-term downward trend line and is now trading at about 109,485 USDT, close to the pressure level of 110,348 USDT. The support below is at 105,000 and 102,560. If it can hold steady, it still has upward potential. This trend is related to the poor ADP employment data released by the United States in June. The market's expectations for a rate cut in July have been raised to 25.3%. Gold prices have risen, the US dollar has been under pressure, and crypto assets have strengthened simultaneously. Bitunix analysts suggest: The weak ADP data supports the market's expectations that the Federal Reserve will start to cut interest rates, which is bullish for risky assets in the short term. If the price successfully stands at 110,348 USDT, it is expected to challenge the upper pressure level of 112,000; if there is a pullback, pay attention to the opportunities in the 106,000-105,000 range. It is recommended to pay attention to the role of the non-agricultural employment and initial jobless claims data released today in confirming the overall market direction.