$BTC Bitcoin is currently consolidating around $71,143, showing resilience after an intraday high of $74,062. Today’s price action is heavily influenced by the U.S. Non-Farm Payrolls (NFP) report, which has injected volatility into risk assets.
While the morning saw a sharp 2.5% correction from weekly highs, strong support is holding firmly at the $70,000 psychological floor. If BTC maintains its position above the $69,000 100-hour SMA, the path remains clear for a retest of $76,000. Conversely, failing to hold the $70k level could lead to a deeper retrace. Sentiment remains cautious ("Extreme Fear" at 22), creating a potential "buy the dip" opportunity for institutional bulls.
BTC
77,600
-0.60%