🔵 Secondly: The Key Driver and Macroeconomics (Fundamental Analysis):
This drop and volatility isn’t random! The market is literally "holding its breath" in anticipation of the major U.S. economic data set to drop this week, primarily the Non-Farm Payroll (NFP) report and unemployment rates.
Expected Scenario: Any employment data stronger than expected indicates sustained inflation, leading to tighter Fed policies on interest rates, which negatively impacts Bitcoin. Conversely, a slowdown in employment will give the green light to the bulls (Buyers) to lead the upcoming rally.
🎯 Summary and Strategy:
Technically, the long-term trend is still bullish, and the current pullbacks are opportunities for re-entry (Buy the dip) around strong support zones between 68,000 and 70,000 if the correction extends. No need to panic; wait for the weekly candle close and confirmation of economic data.
What’s your outlook? Will we see a bounce before the NFP data, or will we test deeper levels? Share your thoughts in the comments! 👇
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