Slowing labor data boosts expectations of rate cuts. U.S. Treasury yields retreat from elevated levels, injecting rebound momentum into risk assets. U.S. stocks trade in a narrow range, supported by the technology sector. Bitcoin breaks above the $87,000 mark, with bullish sentiment becoming more apparent. Oil is pressured by a squeeze of geopolitical developments and supply-demand expectations, intensifying volatility at high levels. From a technical perspective, major indices and Bitcoin stabilize above short-term moving averages. Relative strength indicators remain neutral-to-bullish. Investors should watch for chase-buying appetite at elevated levels and strictly implement risk and leverage controls.