QCP has issued an analysis stating that Bitcoin failed to recover its resistance level of $99,000, leading to a general market sell-off and pushing BTC to a new low of $95,600. As a result of three consecutive days of decline, the future of cryptocurrency remains uncertain. Meanwhile, in the latest development of Trump's relaxation of cryptocurrency regulations, it is reported that the U.S. Securities and Exchange Commission is reducing the size of its cryptocurrency enforcement division. This is expected to promote the establishment of a new cryptocurrency working group and encourage a more constructive relationship between the SEC and the industry. The release of tonight's non-farm payroll report will be closely watched, and although options tend to be bullish, market sentiment remains cautious.