Today is the day. US NONFARM PAYROLLS drop at 8:30 AM ET and $BTC is
sitting at $62K, in a bottom-finding zone.
The setup:
BTC down 51% from October ATH, low of $61,100 overnight
Short-term holders just capitulated 53,800 BTC sent to exchanges at a loss
(largest of 2026)
On-chain metrics now "consistent with prior cycle lows"
The NFP scenarios:
Weak/Goldilocks (85-96K) = rate-cut hopes = relief bounce
Hot print = higher-for-longer = more pressure
Capitulation + cycle-low signals + a macro catalyst. This is where it gets decided. Stay
calm.