The News: US inflation came in softer, pushing $BTC to spike up to $85,500.
The Catch: Bond yields stayed high (~5.3%), causing a fast rejection back down to $83,700–$84,100.
Right Now: The market is sitting in neutral, waiting on the NFP (Jobs Data) release for direction.
Key Levels to Watch
Resistance: $85,000 – $85,500
A daily close above this confirms a bullish breakout toward the September highs ($86K+).
Support: $83,000 – $84,000
A clean break below this triggers a drop into lower September range support levels.
The Bottom Line
Don't jump on the first volatility wick when NFP drops. Wait for confirmation—a daily candle close above $85K or below $83K—before taking a position, and keep leverage low.$
The Catch: Bond yields stayed high (~5.3%), causing a fast rejection back down to $83,700–$84,100.
Right Now: The market is sitting in neutral, waiting on the NFP (Jobs Data) release for direction.
Key Levels to Watch
Resistance: $85,000 – $85,500
A daily close above this confirms a bullish breakout toward the September highs ($86K+).
Support: $83,000 – $84,000
A clean break below this triggers a drop into lower September range support levels.
The Bottom Line
Don't jump on the first volatility wick when NFP drops. Wait for confirmation—a daily candle close above $85K or below $83K—before taking a position, and keep leverage low.$