The Bitcoin with ID $BTC is currently testing the trend line repeatedly. It seems that the bearish crab at 98150 has a chance to arrive. Those watching the market should pay attention.
It is worth noting that the non-farm employment data
has been revised down, and the currently published value is similar to the previous value. This means that the number of new jobs added is about the same as last month.
We can consider this from two perspectives:
1. The fluctuation in new job numbers is not significant, alleviating concerns about an economic recession, which is bullish.
2. The labor market has not shown signs of decline, reducing expectations for interest rate cuts, which is bearish.
This data release is not extreme enough and leans towards neutral, let's wait for the market to interpret it!
