What moved BTC: $BTC A surprisingly weak US jobs report showed just 29,000 positions added in September, and Bitcoin jumped from about $86,000 to an intraday high near $87,250. (u)
Fed angle: Futures now put the probability of an October rate hike below 20%, though another hike is still expected in December. Weak jobs data eases pressure on risk assets like BTC. (u)
The catch: BTC failed to break its multi-month highs from September and dropped back below $86,000. That makes $87,500 the level to beat. (Cointelegraph)
Downside to watch: around $82,300, which has acted as support.
Ready caption:
$BTC spiked to ~$87.2K on weak US jobs data (29K vs 84K expected) 📊
October Fed hike odds fell below 20%, but BTC stalled at resistance.
Above $87.5K = bullish. Below $82.3K = caution.
Where does $BTC go next? 👇
#Bitcoin #BTC #CryptoNew #Uptober
Fed angle: Futures now put the probability of an October rate hike below 20%, though another hike is still expected in December. Weak jobs data eases pressure on risk assets like BTC. (u)
The catch: BTC failed to break its multi-month highs from September and dropped back below $86,000. That makes $87,500 the level to beat. (Cointelegraph)
Downside to watch: around $82,300, which has acted as support.
Ready caption:
$BTC spiked to ~$87.2K on weak US jobs data (29K vs 84K expected) 📊
October Fed hike odds fell below 20%, but BTC stalled at resistance.
Above $87.5K = bullish. Below $82.3K = caution.
Where does $BTC go next? 👇
#Bitcoin #BTC #CryptoNew #Uptober
