$BTC
Daily Update
4H timeframe
Yesterday, the US NFP and Unemployment Rate data upset the market as both beat consensus by quite a lot, showing the economy is still strong and so is inflation. This means the Fed might be forced to delay rate cuts, putting longer pressure on risky assets. The data also marked the exact local top.
Two support zones for possible entry stand out:
1. The first is the green support zone, which coincides with my analysis from yesterda using the 12H timeframe. For those who like to be aggressive, now is a good time to open a position.
2. The second is a more conservative setup, located a bit lower at the purple FVG.