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๐บ๐ธ U.S. unemployment moved up from 4.4% to 4.6%, missing expectations and reaching its highest level since November โ21. Sometimes bad news can still be good news. It marginally increases the odds of another rate cut. Thatโs bullish for scarce assets, more liquidity tends to support bull cycles in assets like $BTC . Short term? Volatility and uncertainty may rise as recession concerns resurface.
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Thereโs more fear at $BTC $86.5K today than when #Bitcoin marked its Nov โ22 bear market bottom at $15.5K ๐ This suggests fear is being driven more by recent volatility than by fundamentals, a pattern that often leads to sentiment reversals before price reversals.
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$BTC currently has two major liquidity clusters: Upside liquidity: $97Kโ$98K Downside liquidity: Around $85K With major economic data coming today, especially PPI inflation, expect volatility. Lower than expected PPI could drive a #Bitcoin move up. Higher than expected PPI likely drags price to the downside liquidity.
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We just hit the lowest fear levels in history, lower than during the FTX collapse. Retail got outplayed hard. Even the Stocks Fear & Greed Index falls to 8, the lowest since April 2025, while the S&P 500 is only 5% from a new ATH. ๐
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$BTC sitting around $98K-$100K, crucial level right now. Itโs simple if $98K support breaks, we could nuke to $92K to fill the CME gap. If it holds, expect a bounce toward $104K-$107K. Overall, market sentiment is weak. Iโve turned short-term bearish too, but long-term Iโm not changing my stance, weโre still going higher. What really scares me? The stock market bubble talk. S&P500 looks overvalued, and if equities dump, crypto wonโt stay untouched. Someone will surely take advantage of it to manipulate the market, even though lately correlation has been low. Either way, Iโm slowly accumulating #Altcoins here, waiting patiently for better entries with each dip.
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