BlockBeats News, June 4th. According to 4E monitoring, in early June, the price of Bitcoin once dropped to $103,700, hitting a recent low and attracting market attention. Analyst Captain Faibik pointed out that the current BTC long vs. short struggle is intense, with key support and resistance levels at $103,500 and $107,500, respectively. Breaking through or falling below these levels will determine the next trend. If it can hold above $107,500, it is expected to challenge a new high of $117,000; but if it falls below $103,500, it may return to bearish control. Another analyst pointed out that BTC needs to quickly surpass $106,500 to avoid further downward movement. As of now, the price of Bitcoin is around $105,435, showing an upward trend in the past 24 hours.

Meanwhile, despite facing tariff uncertainties and a soaring federal deficit, the U.S. stock market has rebounded strongly. The S&P 500 index rose by 6.3% in May, marking its best performance for the same period since 1990, and has risen by 1.74% year-to-date, rebounding nearly 20% from its April low. Technology stocks led the gains, but funds also quietly flowed into defensive sectors such as consumer staples, utilities, and healthcare, showing that the market remains cautious amid optimism.

In terms of economic fundamentals, investors are closely watching the May jobs report to be released this Friday. Several economists predict that nonfarm payroll additions will be only 125,000, potentially falling below the "break-even rate" of 153,000. A continued weakness could lead to a rise in the unemployment rate and intensify bets on a Fed rate cut later this year.

4E reminds investors to remain vigilant and carefully navigate short-term market fluctuations until trade policies, job data, and Fed actions become clear.