The US non-farm data or delayed interest rate cuts cannot affect the upward trend of BTC. The catalyst for this round of bull market is mainly Bitcoin ETF. Currently, many countries such as the United States, Britain, and Australia have passed Bitcoin ETFs, and more countries will follow suit. The influx of new funds will inevitably help BTC break through 100,000. However, the Fed's early interest rate cut will accelerate the arrival of a violent bull market. However, judging from the dot plot and Powell's speech, the probability of a rate cut before September is very small.