Woke up and Bitcoin was back at $76,000.
Just yesterday, we were wondering whether it could hold above $80,000.
Then the U.S. stock market gave us the answer overnight.
The Nasdaq fell 5.5%, with Nvidia leading the way down.
As worries about an AI bubble resurfaced,
crypto had no cushion at all
and dropped more than 5% right along with it.
Nearly $1 billion in liquidations in 24 hours,
most of them longs.
Honestly, this kind of drop feels all too familiar.
Wednesday’s rebound was driven by sentiment in the first place.
The election was over, oil prices fell,
and everyone breathed a sigh of relief and piled in.
The fundamentals hadn’t changed at all.
Rate hike expectations are still on the table.
The odds of a December hike priced in by CME are still above 70%.
The nonfarm payrolls report comes out tonight at 21:30.
Forecasts call for 65,000 new jobs and a 4.2% unemployment rate.
A strong report would reinforce rate hike expectations.
A weak one might finally give the market some breathing room.
There’s also $2.65 billion in options expiring at 16:00.
The max pain level is $79,000.
Both bulls and bears will try to push the price in that direction.
I have just one thought right now:
I’m not making any moves before the jobs report comes out.
In this kind of market, surviving matters more than guessing the direction right.
Will you be watching the jobs report and trading tonight,
or just close the app and wait until Monday?
$BTC $ETH
#市场观察 #比特币 #Nonfarm
Not investment advice. DYOR. Trading involves risk.
Just yesterday, we were wondering whether it could hold above $80,000.
Then the U.S. stock market gave us the answer overnight.
The Nasdaq fell 5.5%, with Nvidia leading the way down.
As worries about an AI bubble resurfaced,
crypto had no cushion at all
and dropped more than 5% right along with it.
Nearly $1 billion in liquidations in 24 hours,
most of them longs.
Honestly, this kind of drop feels all too familiar.
Wednesday’s rebound was driven by sentiment in the first place.
The election was over, oil prices fell,
and everyone breathed a sigh of relief and piled in.
The fundamentals hadn’t changed at all.
Rate hike expectations are still on the table.
The odds of a December hike priced in by CME are still above 70%.
The nonfarm payrolls report comes out tonight at 21:30.
Forecasts call for 65,000 new jobs and a 4.2% unemployment rate.
A strong report would reinforce rate hike expectations.
A weak one might finally give the market some breathing room.
There’s also $2.65 billion in options expiring at 16:00.
The max pain level is $79,000.
Both bulls and bears will try to push the price in that direction.
I have just one thought right now:
I’m not making any moves before the jobs report comes out.
In this kind of market, surviving matters more than guessing the direction right.
Will you be watching the jobs report and trading tonight,
or just close the app and wait until Monday?
$BTC $ETH
#市场观察 #比特币 #Nonfarm
Not investment advice. DYOR. Trading involves risk.