đš Bitcoin got the Fed-friendly jobs report. Then $87K rejected again...
#BitcoinRejectedAt$87K
September payrolls added only 29K, unemployment rose to 4.2%, wages grew 3.0% YoY, and July/August were revised another 60K lower.
CME FedWatch then put the odds of an October hike around 17%, versus 28% before the report.
BTC responded exactly as expected â briefly reaching about $87.1K.
Then failed.
Current structure is telling: roughly $87.15K resistance vs $83.85Kâ$84K support, with about $433M of crypto liquidations, ~74% from longs.
So the macro catalyst worked.
The follow-through didn't.
That creates the more important test:
Can spot demand absorb $87K without leverage becoming the engine again?
Not financial advice. The October hike probability is market-implied and can change rapidly; BTC's rejection does not by itself establish a broader trend reversal.
$BTC $ETH $SOL
#SECApproves3xLongCryptoCommodityETPs #BitcoinFundingRateTriplesTo10% #NFPWatch #crypto
#BitcoinRejectedAt$87K
September payrolls added only 29K, unemployment rose to 4.2%, wages grew 3.0% YoY, and July/August were revised another 60K lower.
CME FedWatch then put the odds of an October hike around 17%, versus 28% before the report.
BTC responded exactly as expected â briefly reaching about $87.1K.
Then failed.
Current structure is telling: roughly $87.15K resistance vs $83.85Kâ$84K support, with about $433M of crypto liquidations, ~74% from longs.
So the macro catalyst worked.
The follow-through didn't.
That creates the more important test:
Can spot demand absorb $87K without leverage becoming the engine again?
Not financial advice. The October hike probability is market-implied and can change rapidly; BTC's rejection does not by itself establish a broader trend reversal.
$BTC $ETH $SOL
#SECApproves3xLongCryptoCommodityETPs #BitcoinFundingRateTriplesTo10% #NFPWatch #crypto
