BTC $100K or $80K Revisit? NFP Shakes The Core! 🚨
The latest US Non-Farm Payrolls (NFP) just dropped, and the market narrative flipped hard. Lower-than-expected jobs growth and a slight unemployment dip crushed January rate cut hopes, sending the Dollar soaring and putting immediate pressure on $BTC.
$BTC is currently grinding around $90,500 after failing three times to crack $95,000, dipping as low as $89,300. The leverage is insane: break $92,000 and we see $1.15B in shorts liquidated; drop below $89,000 and $940M in longs get wiped. 📉
Sentiment is cooling off, Fear & Greed is neutral, and institutional inflows are slowing down, despite a modest 1,118 BTC inflow to CEXs in the last 24 hours—a sign of caution.
The next major catalyst is the upcoming NFP report (Jan 9th, 13:30 UTC). Consensus expects a weak +60k jobs print. If the data comes in weaker than expected, a dovish reaction (weaker dollar, renewed rate cut buzz) gives $BTC a 40% shot at blasting past $100,000 on volume. If it misses expectations to the upside or is merely in line, the path of least resistance is a 60% probability move down, testing the critical $80,000 support zone.
#BTCAnalysis #NFP #CryptoTrading #MacroMoves 🧐
