This week, four key US labor market reports will provide a decisive macro test for Bitcoin and the broader cryptocurrency market, with market expectations for a Fed rate cut also in a delicate balance. Analysts note that if labor demand cools but wage growth does not accelerate again, it will support risk appetite sentiment and provide support for Bitcoin; whereas a strong employment situation or stable wage growth could pressure cryptocurrencies by pushing up bond yields. Key data include Wednesday's ADP employment report and JOLTS job openings, Thursday's initial unemployment claims, and Friday's official employment report, which will set the tone for market volatility.