Bitcoin's net position around $73K is holding steady, but there's quite a bit of nervousness in the market ahead of the U.S. employment data today. Many traders are waiting for that data — it will show how inflation in the U.S. is doing, and it could have a significant impact on Fed decisions.

Meanwhile, I see oil prices are rising sharply due to tensions in Iran. Such geopolitical risks ripple through everything — including crypto. U.S. inflation remains a crucial theme, especially now that the labor market seems to be strengthening.

Bitcoin appears to be cautious: not far above the $70K zone but also not really crashing. Waiting to see what those job figures bring. If U.S. inflation turns out higher than expected, it could lead to more volatility.