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🏆[Weekly] Bitcoin Update: BTC Holds Firm as Weak US Jobs Data Fuels Rate-Cut Hopes
Bitcoin is steady around $64,770, holding tight in a narrow range thanks to shifting macro expectations.
US jobs data surprised market with 23,000 positions lost and traders quickly priced out further Fed hikes.
A weaker dollar is giving crypto a solid liquidity floor.
💎Technical Snapshots
• Daily: At $64,778, comfortably above the 20-day band at $64,378.
Resistance up near $66,252, support at $62,503.
RSI balanced at 49.9. It is neither overbought nor oversold.
• 1-Hour: Trapped between $64,661 and $65,153, just below the midline.
Short-term momentum cooling slightly.
💎 What’s Moving Markets
• Cooling jobs and the markets are betting on looser Fed policy that supportive for crypto sentiment.
• Next big test: US CPI inflation data.
Confirm softer prices and we could see a push toward $67,000+.
💡 The Verdict
Support sits roughly $64,300–$64,600. Break above $66,250 is a clear path opens toward $67,000–$70,000.
Manage risk carefully and watch the inflation numbers closely! ✅
Not financial advice. Do your own DD and risk management 😉.
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