📉 BTC after NFP – a rollercoaster move

1️⃣ First impulse:

Weak U.S. jobs data (+22k vs ~75k expected) boosted odds of Fed rate cuts.

👉 BTC spiked fast from ~$112,500 to ~$113,400 within minutes.

2️⃣ Cool-down:

The rally didn’t last – price slipped back near $112,700 as profit-taking and caution kicked in.

3️⃣ Why the sharp reversal?

🔺 NFP = turbo volatility (BTC averages ~1.7× higher swings on these days).

📉 Chart setup: double top + failed $110k support retest = bearish signal.

⚖️ Macro paradox: weak data = more cuts, but also slowdown fears → risk appetite fragile.

💸 Over-optimism: some priced in 50 bps cuts → reality check = fast profit-taking.

📊 Takeaway:

Macro gave the bullish trigger 📈

Technicals + sentiment flipped it bearish 📉

Result = choppy range, no clear direction yet.

👉 $110k remains the key pivot – holding it keeps upside hopes alive, breaking it opens more downside.

ETH, SOL, and XRP followed the same pattern – majors are now at a make-or-break stage.

How you think about that? Will support hold and show power to go up?

#bitcoin #crypto #NFP #Macro $BTC $ETH $XRP