The latest US initial jobless claims data reported at 215,000, below the estimated 225,000, suggesting stability in the US labor market. This decrease indicates fewer people are affected by economic uncertainties, such as US tariffs. Federal Reserve Chair Jerome Powell noted that the tariff increases could lead to higher inflation and slower growth, while the Fed has no immediate plans for rate cuts. In contrast, the European Central Bank lowered interest rates to combat economic pressures due to US trade tariffs. For Bitcoin, analysts suggest it is at an inflection point, needing to break above $85,000 to maintain bullish momentum. Failing to achieve this target could signal potential bearish trends. Current trading analysis indicates Bitcoin is consolidating between $83,700 and $85,200. To sustain its upward momentum, a decisive break above $85,000 is critical, as market direction may shift significantly at this juncture.

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