🚨 BTC Dumping After Stronger US Jobless Claims Report
Just in: US Initial Jobless Claims printed at 207K, lower than the forecasted 215K (previous 219K).
Better-than-expected employment data is putting pressure on risk markets because it suggests the US economy is still strong, which may delay Federal Reserve rate cuts. This macro news is the main driver behind Bitcoin’s current sell-off.
Key Technical Level:
Bitcoin is now approaching a critical support at $72,500. Traders are watching for signs of reversal here. A solid bounce with increasing volume could signal the start of a relief rally. On the other hand, a clean break below $72,500 might open the door for further downside toward $71K and below.
Stay alert — macro data like this often creates quick moves in crypto.
What’s your plan around this $72,500 level? Let me know in the comments 👇
⚠️ NOTE: Not financial advice
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