🇺🇸 US Employment Data Strong: Why is Bitcoin's Bounce Stalled? 📉
The latest US macro data has doused cold water on crypto optimists. The strong job market performance has caught investors who expected BTC to soar off guard.
Core Data Review:
🔹 New Jobs: +130,000 positions.
🔹 Unemployment Rate: Down to 4.3%.
🔹 US Treasury Yield: 10-year Treasury yield rises to 4.2%.
What does this mean for us? 🧐
An “overheating” economy means the Federal Reserve may not be in a hurry to cut interest rates. The cooling of rate cut expectations directly weakens market liquidity. When US Treasury yields rise, institutional funds often flow into traditional safe-haven assets, thereby putting pressure on risk assets led by Bitcoin.
BTC Technical Observation: 📊
Bitcoin is currently facing a severe stress test. $65,000 has shifted from a psychological level to a key support range.
🛑 Falling below $65,000: May trigger a deeper correction.
🚀 Stabilizing at $65,000: Will prove that buying interest remains strong, setting the stage for another attempt at a high.
Summary: In the short term, the market is under pressure from the macro economy, but the fundamentals for BTC have not changed. Keep a close eye on fluctuations around $65,000 and enforce risk control strictly!
What do you think? Will this month see a push towards $70,000 or a continued pullback? Feel free to discuss in the comments! 👇
