Market Outlook on $BTC ๐๐
$BTC pullback below 108,650 is in play โ watching support near 107,915. As long as 105,100 holds, the broader bullish structure remains intact. A break above 110,000โ112,000 could signal further upside.
Macroeconomic focus: Weaker-than-expected Non-Farm Payrolls and a rising unemployment rate increase the likelihood of a July rate cut.
Historically, rate cuts trigger a brief rally, followed by a correction due to initial fund outflows, then a recovery as markets absorb the policy shift and capital rotates back in.
TL;DR: Short-term volatility expected, but medium-term bullish bias remains if key support holds.
