Bitcoin is back near $86.5K after trading close to $83.1K earlier in the day.
U.S. payrolls arrive at 8:30 ET. The 10-year Treasury yield has already touched 5.34%, its highest level since 2002, and the dollar is near a 17-month high.
That leaves one useful thing to watch: whether BTC still holds most of this rebound after bonds and the dollar react to the jobs data.
A quick loss of the move would say more than the payroll headline alone.