BTC tests the 85,000 support again! The market holds its breath waiting for U.S. employment data 💥

The price of Bitcoin has plummeted from a high of 89,000 to 85,000, currently testing the key support level. Data indicates that large-scale liquidations are occurring, and market volatility is sharply increasing. The catalyst for all this is the upcoming U.S. non-farm payroll data to be released in a few hours — it will directly impact the Federal Reserve's interest rate cut expectations, consequently affecting global liquidity.

The market is reacting in advance to the fear of "hawkish data." If the data is strong, expectations for rate cuts will be delayed, and risk assets may face further pressure.

💡 Key insight: This is not just a technical correction, but a classic "risk-off liquidation" ahead of macro data. The gains or losses at the key support level of 85,000 will determine whether short-term sentiment continues in panic or if bearish sentiment has fully played out. Buckle up, volatility may increase after the data is released.

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