On June 6, it was reported that in the past two days, the price of Bitcoin (BTC) has continued to weaken, falling back from a high of US$105,000 to around US$101,500, a drop of more than 3%. Although an attempt to rebound early this week, it failed to break through the key resistance level of $107,500, causing market sentiment to become more conservative. The entire crypto market pulled back simultaneously, with its market value falling to approximately US$2.3 trillion, falling more than 5% in 24 hours. Ethereum (ETH) fell below US$3,700, while mainstream currencies such as Solana (SOL) and Avalanche (AVAX) all fell to varying degrees. Analysts believe that the current market lacks a clear catalyst for growth, and funds tend to wait and see. Investors are closely watching May non-farm payrolls data due to be released on Friday. If the number of new jobs is lower than expected, it may strengthen the market's bet on interest rate cuts during the year, thus providing support for risky assets. In addition, Federal Reserve Chairman Powell did not explicitly mention the economic outlook in his recent speech, triggering market concerns that "dovish expectations fell short." 4E reminds that the crypto market is at a critical juncture at the intersection of macro games and technical adjustments, and recommends that investors remain patient and wait for further clarification of the Federal Reserve and economic data.