According to BlockBeats, on August 11, Moody's warned that more than half of the industries have shown signs of layoffs, and the risk of an economic turning point has increased. Last month's non-farm employment increased by only 73,000, far below the forecast of around 100,000. Meanwhile, May's statistics were revised down from 144,000 to 19,000. If employment data is revised down again, market risk aversion could quickly amplify. Such macro uncertainties will magnify the short-term volatility and capital rotation of crypto assets.
BTC price has recently surged quickly from 112k to nearly 123k, with selling pressure observed in the 122k–123k range. If the breakthrough is accompanied by an expansion in trading volume, 124k and 127k will be the next supply thresholds.
Bitunix Analyst Suggests: BTC should mainly wait for confirmation at this stage. If BTC can break through and stabilize above 120k (confirmed by daily closing), the next targets will be at 124,000 and 127,000. If rejected at 120k or a long upper shadow appears at high levels, it may retest 116k–114k. Investors are advised to keep each position's stop loss within 5–8% of net capital, adopting a phased entry and trailing stop-loss strategy; closely monitor the CPI to be announced tomorrow and Moody's subsequent report, as macro surprises could instantly change market direction.
