Only 29,000 new jobs were added in September—could this sudden drop be an excuse for the “sharks” to trigger a liquidity sweep, pushing toward $BTC close to 87,000 USD?
The Nonfarm report came far below expectations of 90,000, and the unemployment rate rose to 4.2%, creating room for the Fed to ease monetary policy. The 10-year Treasury yield fell 7 basis points to 5.17%, the USD weakened, and large capital quickly flowed back into risk assets.
At the time of writing, $BTC is hovering around 86,540 USD (+3.20% over 24h). Looking at the price structure, this upswing has a strong “liquidity-hunt” character on the Short side. After the sharks wipe out short positions around 87,000 USD, the big question is whether they will pump money to hold the candle—or whether a short-term take-profit selloff will appear.
From my battle-tested trading experience, chasing candles in a FOMO rush right after the news is very likely to fall into a liquidity trap. I prefer waiting for price to retest the support level rather than fighting for orders against the big players.
Brothers and friends—do you already have a position in $BTC , or are you still watching from the sidelines? Click $BTC below and let’s read the candles! 👇
#BTC #Bitcoin #Crypto #Futures
The Nonfarm report came far below expectations of 90,000, and the unemployment rate rose to 4.2%, creating room for the Fed to ease monetary policy. The 10-year Treasury yield fell 7 basis points to 5.17%, the USD weakened, and large capital quickly flowed back into risk assets.
At the time of writing, $BTC is hovering around 86,540 USD (+3.20% over 24h). Looking at the price structure, this upswing has a strong “liquidity-hunt” character on the Short side. After the sharks wipe out short positions around 87,000 USD, the big question is whether they will pump money to hold the candle—or whether a short-term take-profit selloff will appear.
From my battle-tested trading experience, chasing candles in a FOMO rush right after the news is very likely to fall into a liquidity trap. I prefer waiting for price to retest the support level rather than fighting for orders against the big players.
Brothers and friends—do you already have a position in $BTC , or are you still watching from the sidelines? Click $BTC below and let’s read the candles! 👇
#BTC #Bitcoin #Crypto #Futures
