#USNFPBlowout The crypto market is under significant pressure today. In addition to seasonal factors, the main trigger is the release of the US Non-Farm Payrolls (NFP) data that far exceeded expectations!
What Happened?
NFP "Blowout": The US recorded an addition of 130,000 jobs (well above the predicted 70,000).
Effect on the Fed: An economy that is too "hot" makes hopes for interest rate cuts slimmer. The market now expects the Fed to remain Hawkish.
Dollar Strengthens: The Dollar Index ($DXY) surged, automatically pressuring risk assets like Bitcoin.
Liquidation: The breach of the $68,000 level triggered a chain liquidation on Long positions.
Status: BTC is testing strong support at $66,000. If it breaks, the next target is in the $63,000 area.
