$BTC Recently surged and pulled back; trading within a range.
Bullish: Weak nonfarm payrolls; odds of an October rate hike fell from 70% to 20%; U.S. stocks hit new highs; ETFs saw net inflows for three consecutive weeks.
Bearish: Repeated failures to break above 87,000 resistance; profit-taking; pressure from high interest rates.
Key levels: Holding above 87,000 would open the door to further gains; a break below 83,000 would deepen the pullback.
Bullish: Weak nonfarm payrolls; odds of an October rate hike fell from 70% to 20%; U.S. stocks hit new highs; ETFs saw net inflows for three consecutive weeks.
Bearish: Repeated failures to break above 87,000 resistance; profit-taking; pressure from high interest rates.
Key levels: Holding above 87,000 would open the door to further gains; a break below 83,000 would deepen the pullback.