If you followed my earlier signal around the $85.50 entry zone, now might be a good time to take partial or full profit near $86.50–$87.00. Volume is declining , which could signal a potential pullback. Locking in gains here ensures capital protection while waiting for a clearer breakout or retest opportunity.
📉 NFP Data Slightly Beats – But Macro Still Dominates 📰 Nonfarm Payrolls came in at +139K vs. 130K expected. While it's an uptick, this data doesn't change the bigger macro picture.
🔒 The Fed remains focused on inflation and broader economic conditions—not one jobs report. This number alone won’t shift their stance.
🪙 For me, this is a “buy-the-dip” setup on LTCUSDT. Short-term noise, but the long-term structure remains intact.
📌 Macro guides policy, not just data points. Stay patient, stay strategic.
🔥 The Euro is pulling back after hitting 2-month highs. The ECB cut rates by 25 bps to 2.0% — expected — but Lagarde struck a hawkish tone, hinting that this might be the end of the easing cycle. This puts a lid on hopes for more rate cuts in the near term.
📌 For crypto, less monetary easing = reduced fiat liquidity, which could cool some of the momentum in risk assets like BTC and ETH — at least in the short term.
🇪🇺 Eurozone Data Ahead:
Retail Sales (April): Still growing, but slightly slower (1.4% vs. 1.5% prior).
Q1 GDP expected to be revised up to 0.4% QoQ — showing the EU economy isn’t falling off a cliff just yet.
Lagarde speaks again, but don’t expect much new.
👀 Key Risk: US Nonfarm Payrolls This is today’s main event for crypto traders.
Forecast: +130K jobs
Unemployment: Might tick up to 4.3% A weak report would pressure the US Dollar, possibly giving crypto a short-term boost as traders rotate into alternative assets.
📊 TL;DR:
Hawkish ECB = less dovish liquidity = short-term drag for crypto.
Weak US NFP = USD vulnerability = potential tailwind for BTC, ETH, and altcoins.
Looks like the setup played out exactly as expected. Price is moving closer to that key $99,520 support zone where my expanding wedge and harmonic patterns predicted a potential bounce. Patience and sticking to the plan really pays off in trading. Let’s see if this support holds and drives us back toward $110K. Staying disciplined beats chasing moves every time