🔥 BTC BREAKS ABOVE 86.5K – PREMIUM 87.3K IS BEING TESTED, BUT TONIGHT’S NFP COULD BE A MAJOR VARIABLE
Following the previous posts, BTC held the 83.5–84.2K area and then reclaimed 84.2–84.4K, in line with the scenario we were watching. Once this zone was firmly held, price continued to break through 85.1–85.5K and has now extended toward around 86.5K.
On the 1H timeframe, the short-term structure is leaning bullish as BTC continues to form BOS and hold higher lows. However, price is now approaching the 87.0–87.3K Premium area, which was also the zone that previously formed a strong high. Therefore, this is no longer an ideal position to chase the upside move.
Notably, the U.S. NFP will be released tonight at 19:30 Vietnam time. The market is currently expecting around 90K new jobs, with unemployment around 4.1%. A figure below expectations could shift interest-rate expectations and support risk assets; conversely, stronger employment data could make the market more cautious.
📌 Today’s scenarios:
Holding 85.2–85.5K: the bullish structure remains intact, with potential continuation toward 87.0–87.3K.
Breaking and holding above 87.3K: opens the possibility of extending into the higher Premium zone.
Losing 85K: caution is needed for a pullback toward 84.2–84.4K.
Tonight’s NFP could trigger very strong volatility, so it is preferable to wait for price reactions at key zones rather than chase the candles.
⚠️This post is for sharing personal market views only and does not constitute investment advice. Always manage your risk in every trade.
#bitcoin
Following the previous posts, BTC held the 83.5–84.2K area and then reclaimed 84.2–84.4K, in line with the scenario we were watching. Once this zone was firmly held, price continued to break through 85.1–85.5K and has now extended toward around 86.5K.
On the 1H timeframe, the short-term structure is leaning bullish as BTC continues to form BOS and hold higher lows. However, price is now approaching the 87.0–87.3K Premium area, which was also the zone that previously formed a strong high. Therefore, this is no longer an ideal position to chase the upside move.
Notably, the U.S. NFP will be released tonight at 19:30 Vietnam time. The market is currently expecting around 90K new jobs, with unemployment around 4.1%. A figure below expectations could shift interest-rate expectations and support risk assets; conversely, stronger employment data could make the market more cautious.
📌 Today’s scenarios:
Holding 85.2–85.5K: the bullish structure remains intact, with potential continuation toward 87.0–87.3K.
Breaking and holding above 87.3K: opens the possibility of extending into the higher Premium zone.
Losing 85K: caution is needed for a pullback toward 84.2–84.4K.
Tonight’s NFP could trigger very strong volatility, so it is preferable to wait for price reactions at key zones rather than chase the candles.
⚠️This post is for sharing personal market views only and does not constitute investment advice. Always manage your risk in every trade.
#bitcoin
