$BTC briefly fell below 75,000 after the nonfarm payrolls report, with Binance spot hitting a low of 74,888. At 8:14 a.m. Beijing time, the price had recovered to around 75,960, nearly flat over 24 hours. $ETH was around 2,243.
According to BeInCrypto, the U.S. added 165,000 jobs in October, well above expectations of about 65,000. Employment was stronger than expected, forcing markets to reassess their interest rate outlook and putting risk assets under another round of pressure.
U.S. AI and chip stocks had already fallen, pulling crypto prices down with them. Then the nonfarm payrolls report delivered another blow, briefly pushing the price below 75,000.
However, recovering to a round-number level after a break below it doesn't mean the bottom is secure. For now, watch whether 74,888 gets breached again below, and whether the price can reclaim the 24-hour high of 76,416 above.
If the price stays between these levels over the weekend, I'd treat it as range-bound rather than rush to call a reversal. Getting caught in repeated swings is more likely to hurt than simply getting the direction wrong when using high leverage.
#BTC走势分析 #Nonfarm payrolls
This is not investment advice. Manage your own position size.
According to BeInCrypto, the U.S. added 165,000 jobs in October, well above expectations of about 65,000. Employment was stronger than expected, forcing markets to reassess their interest rate outlook and putting risk assets under another round of pressure.
U.S. AI and chip stocks had already fallen, pulling crypto prices down with them. Then the nonfarm payrolls report delivered another blow, briefly pushing the price below 75,000.
However, recovering to a round-number level after a break below it doesn't mean the bottom is secure. For now, watch whether 74,888 gets breached again below, and whether the price can reclaim the 24-hour high of 76,416 above.
If the price stays between these levels over the weekend, I'd treat it as range-bound rather than rush to call a reversal. Getting caught in repeated swings is more likely to hurt than simply getting the direction wrong when using high leverage.
#BTC走势分析 #Nonfarm payrolls
This is not investment advice. Manage your own position size.
