BTC Analysis Ahead of Important Macro Data: Is a Correction Possible? #SaylorBTCPurchase

On the BTC chart, there is a strong uptrend, with a local peak in the $97,800 area. However, with key macroeconomic data coming soon from the US Non-Farm Payrolls (NFP) and the unemployment rate, fears of a potential correction are growing.

These concerns are supported by the technical picture and market sentiment.

Fundamental Risks

Unemployment Rate: Unemployment Rate - Forecast: 4.2% Previous: 4.2 Any value above forecast indicates a deteriorating state of the US labor market, which could reinforce expectations of a recession, even if the Federal Reserve becomes more "dovish."

Non-Farm Payrolls (NFP) - Forecast: 130

Previous: 228 A decline in the number of new jobs is another negative signal, especially if the actual value is significantly lower than forecast.

If the data is worse than expected, this could increase investor concerns and reduce risk appetite—including for assets like BTC