#BitcoinRejectedAt$87K
🚨 The Macro Catalyst Worked. The Follow-Through Didn't. 📉
Bitcoin ₿ just got the Fed-friendly jobs report it was waiting for, yet $87K rejected it again 🛑.
Here is what the numbers look like:
September Payrolls: Added only 29K jobs 📉
Unemployment Rate: Rose to 4.2% 📈
Wage Growth: Grew 3.0% YoY 💰
Prior Revisions: July and August were revised another 60K lower 📉
CME FedWatch Odds: October rate hike probability dropped to ~17% 📉 (down from 28% pre-report)
Market Reaction & Structure:
BTC responded exactly as expected 📊 — briefly touching ~$87.1K before failing to hold. Total crypto liquidations hit ~$433M 💥, with roughly 74% coming from longs 🐂.
Current price structure:
Resistance: ~$87.15K 🧱
Support: $83.85K – $84K 🛡️
The Real Test Ahead:
Can spot demand absorb $87K without leverage becoming the engine again? 🤔
$BTC $ETH $SOL
#bitcoin.” #BitcoinFundingRateTriplesTo10% #NFPWatch #crypto
🚨 The Macro Catalyst Worked. The Follow-Through Didn't. 📉
Bitcoin ₿ just got the Fed-friendly jobs report it was waiting for, yet $87K rejected it again 🛑.
Here is what the numbers look like:
September Payrolls: Added only 29K jobs 📉
Unemployment Rate: Rose to 4.2% 📈
Wage Growth: Grew 3.0% YoY 💰
Prior Revisions: July and August were revised another 60K lower 📉
CME FedWatch Odds: October rate hike probability dropped to ~17% 📉 (down from 28% pre-report)
Market Reaction & Structure:
BTC responded exactly as expected 📊 — briefly touching ~$87.1K before failing to hold. Total crypto liquidations hit ~$433M 💥, with roughly 74% coming from longs 🐂.
Current price structure:
Resistance: ~$87.15K 🧱
Support: $83.85K – $84K 🛡️
The Real Test Ahead:
Can spot demand absorb $87K without leverage becoming the engine again? 🤔
$BTC $ETH $SOL
#bitcoin.” #BitcoinFundingRateTriplesTo10% #NFPWatch #crypto
