The Headline: Bitcoin loses the key support of $67,300 while Wall Street holds its breath for the Non-Farm Payrolls (NFP).
According to the FXStreet report, we are facing a dangerous divergence: The price is falling, but institutions continue to buy.
1. The Technical Situation (The ugly)
Support Break: BTC is trading below the "floor" of consolidation ($67,300). If it closes the day like this, the door opens to $60,000.
Bearish Indicators: The RSI is at 37 (bears are in control) and the MACD has just crossed downwards. There is no immediate buying strength in the 4-hour chart.
2. The Ray of Hope (Institutional)
ETFs Buying: Despite the drop, Bitcoin ETFs registered inflows of $166 million yesterday. They have been buying for 3 consecutive days. This means that "smart money" is taking advantage of the discounts.
3. Today's Catalyst: NFP (13:30 GMT) 🕒
The US employment data (which was delayed due to the government shutdown) comes out today and will dictate the direction:
Scenario A (Bullish for Crypto): If employment comes out WEAK (less than 70k new jobs or more unemployment), the Fed would be pressured to lower rates soon. Outcome: Dollar falls 📉, Bitcoin rises 🚀.
Scenario B (Bearish for Crypto): If employment comes out STRONG, the Fed will keep rates high for longer. Outcome: Dollar rises 📈, Bitcoin might visit $60k 🐻.
⚠️ BITCOIN: BEAR TRAP OR FREE FALL?
BTC has lost $67,300 right before the most important macro data of the month.
📊 The conflict:
The chart calls for blood (destination $60k), but the ETFs keep buying millions ($166M yesterday). Who will win?
🇺🇸 Watch at 13:30 GMT:
Today the Non-Farm Payrolls (NFP) are released.
🔹 Weak data = Gasoline for BTC ⛽
🔹 Strong data = Short-term pain 🩸
Keep liquidity ready. Volatility is guaranteed.
👇 Do you think $60k is inevitable or will we save the level today?
