Nonfarm payrolls are out, and they came in way stronger than expected 😅

165,000 jobs were added in October
The forecast was only 65,000—more than double
The unemployment rate also fell to 4.1%
September’s figure was revised up to 60,000

Put simply, the labor market isn’t cooling at all
That makes expectations for a December rate hike even harder to shake
The Dollar Index rose 0.62% in response, hitting 102.2

BTC is now hovering around $75,800
It’s already down nearly 5% today, with an intraday low of $75,200
There’s a whole lot clustered around $75,000:
the 50-week moving average, Strategy’s cost basis, and Wednesday’s low
It’s all piled up right here

Tonight’s candle is crucial
If $75,000 doesn’t hold, the next leg down could get ugly
If it holds, the bears will have to think twice

Do you think $75,000 will hold?

$BTC $ETH
#市场观察 #非农 #Bitcoin
This is not investment advice. DYOR. Trading involves risk.