Before the government, no amount of good news can stand in the way!
Don’t be fooled by the pile of recent bullish news for Bitcoin: Waller made dovish remarks, U.S. stocks rose, BlackRock kept accumulating, ETF net inflows over two days exceeded $800 million, and the market at one point surged to 82,100.
But once the non-farm payrolls data came out, the entire logic was rewritten.
August added 162,000 jobs, far above the market expectation of 55,000. The employment data was stronger than imagined. The market immediately repriced rate-hike expectations, and Bitcoin promptly fell below 80,000, dipping toward around 79,000.
Key current levels on the chart:
Bitcoin’s first support is 79,000; if it holds, it may return to the 80,000–81,000 range. Once it breaks down decisively, the next downside target is 77,500.
Ethereum pulled back to the 2,500 level, with 2,450 as an important defensive support. 🤩🤩🤩🤩#美国初请失业金人数升至20.6万 #美国8月非农数据今日公布 #比特币以太坊触及数月高点 $ETH $BTC
Don’t be fooled by the pile of recent bullish news for Bitcoin: Waller made dovish remarks, U.S. stocks rose, BlackRock kept accumulating, ETF net inflows over two days exceeded $800 million, and the market at one point surged to 82,100.
But once the non-farm payrolls data came out, the entire logic was rewritten.
August added 162,000 jobs, far above the market expectation of 55,000. The employment data was stronger than imagined. The market immediately repriced rate-hike expectations, and Bitcoin promptly fell below 80,000, dipping toward around 79,000.
Key current levels on the chart:
Bitcoin’s first support is 79,000; if it holds, it may return to the 80,000–81,000 range. Once it breaks down decisively, the next downside target is 77,500.
Ethereum pulled back to the 2,500 level, with 2,450 as an important defensive support. 🤩🤩🤩🤩#美国初请失业金人数升至20.6万 #美国8月非农数据今日公布 #比特币以太坊触及数月高点 $ETH $BTC
