$BTC
Weak American economic data is constraining potential monetary tightening, whilst elevated yields continue to exert pressure on high-risk assets
This delicate balance implies that any decisive technical signal should be sufficient to re-engage liquidity
$BTC
The bullish scenario is activated upon a close above 85,000, targeting 86,500 thereafter. However, a breach of 83,700 would reinstate downside pressure
$BTC
#NFPWatch #BitcoinFundingRateTriplesTo10% #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #Market_Update
Weak American economic data is constraining potential monetary tightening, whilst elevated yields continue to exert pressure on high-risk assets
This delicate balance implies that any decisive technical signal should be sufficient to re-engage liquidity
$BTC
The bullish scenario is activated upon a close above 85,000, targeting 86,500 thereafter. However, a breach of 83,700 would reinstate downside pressure
$BTC
#NFPWatch #BitcoinFundingRateTriplesTo10% #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #Market_Update
