Weak jobs data changing the Fed path matters a lot more for $BTC than the headline number alone. If hike odds are down to 17%, the market starts pricing in a less restrictive Fed, lower future yields and better liquidity conditions. That is the kind of setup Bitcoin usually likes. But Citi’s $113K target still needs more than softer labour data. For that move to happen, I’d want to see ETF inflows stay strong, spot demand keep absorbing dips, DXY cool off and BTC hold above breakout levels without funding getting too overheated. The best case is actually a controlled slowdown. Weak enough data to take pressure off the Fed, but not so weak that markets start pricing in a recession. If we get that balance, $113K starts looking much more realistic. If the jobs data keeps deteriorating too fast, then the narrative can flip from “easier Fed” to “growth scare” very quickly. For me, the path to $113K depends on liquidity improving without the economy breaking first.