Payrolls missed, hike bets collapsed — BTC held $85K. But $88K is the real test 👀
📌 Why it's on my radar:
• US added just 29K jobs vs 84K expected, unemployment 4.2% — Oct 28 hike odds fell from ~66% to ~18%
• BTC tapped $87,229 Friday, now ~$85.9K — holding above $85K but still below the pre-payrolls $86K zone
• US spot ETFs added $102M on Oct 1, $6.34B in Q3 — holdings now ~1.288M BTC
⚠️ Watch the set-up, don't chase it:
Market health is 78 BULLISH, breadth 100%, Fear & Greed 67 (Greed), funding cool at ~0.008% — cash-led, not crowded. But 10y near 5.2% and gold at $4,142 say liquidity is still tight. A daily close above $88K opens $90K–$96K; losing $82K re-opens $74K–$78K.
🧠 The chart above frames it in one glance: payrolls shock → hike odds collapse → BTC holding the middle of the $82K–$88K box.
❓ What confirms the breakout for you — a daily close above $88K, back-to-back ETF inflows, or funding staying cool?
⚠️ Not financial advice. Always DYOR.
#BinanceSquare #Bitcoin #Uptober
$BTC
📌 Why it's on my radar:
• US added just 29K jobs vs 84K expected, unemployment 4.2% — Oct 28 hike odds fell from ~66% to ~18%
• BTC tapped $87,229 Friday, now ~$85.9K — holding above $85K but still below the pre-payrolls $86K zone
• US spot ETFs added $102M on Oct 1, $6.34B in Q3 — holdings now ~1.288M BTC
⚠️ Watch the set-up, don't chase it:
Market health is 78 BULLISH, breadth 100%, Fear & Greed 67 (Greed), funding cool at ~0.008% — cash-led, not crowded. But 10y near 5.2% and gold at $4,142 say liquidity is still tight. A daily close above $88K opens $90K–$96K; losing $82K re-opens $74K–$78K.
🧠 The chart above frames it in one glance: payrolls shock → hike odds collapse → BTC holding the middle of the $82K–$88K box.
❓ What confirms the breakout for you — a daily close above $88K, back-to-back ETF inflows, or funding staying cool?
⚠️ Not financial advice. Always DYOR.
#BinanceSquare #Bitcoin #Uptober
$BTC