U.S. Treasury yields and the dollar trend firmly, and U.S. stocks are trading in a choppy range at elevated levels as they adjust to employment data and rate-cut expectations. After trading around $84,000, Bitcoin showed resilience; supported by continued inflows, the bulls are attempting to build a base structure. Crude oil is being pulled by shifting signals from inventory releases by oil-producing countries and geopolitical developments, oscillating around $91 per barrel. From a technical perspective, major indices and cryptocurrencies are battling around moving averages, and relative strength indicators remain neutral. Investors should watch for high-level “position reshuffling” and strictly implement risk and leverage controls.