Bitcoin is testing a critical support level amid rising expectations for interest rate cuts following a slowdown in employment data. The cryptocurrency market is closely watching the Federal Reserve's potential policy shift, which could impact Bitcoin's price trajectory. The anticipation of rate cuts has intensified as recent employment figures indicate a cooling labor market, prompting speculation about the Fed's next move. Bitcoin's price movement is seen as a barometer for broader market sentiment, with traders eyeing key technical levels for potential support or further declines.