QCP: The current market sentiment remains cautious, and tonight's non-farm employment report is attracting attention

QCP's analysis states that Bitcoin failed to reclaim the $99,000 resistance level, triggering a widespread market sell-off and pushing BTC back to a new low of $95,600. The outlook for cryptocurrencies remains uncertain due to three consecutive days of decline.

Meanwhile, in the latest development of Trump relaxing cryptocurrency regulations, it is reported that the U.S. Securities and Exchange Commission is reducing the size of its cryptocurrency enforcement division.

This move is expected to promote the establishment of new cryptocurrency working groups and foster more constructive relationships between the U.S. Securities and Exchange Commission and this industry. The release of tonight's non-farm employment report will attract attention; although options lean bullish, market sentiment remains cautious.