Bitcoin reacts to major US jobs data beat as Fed rate pause odds near 95%

💡 DMK Insight

Bitcoin’s recent volatility surge, driven by robust US nonfarm payrolls, is a critical signal for traders. The strong job numbers suggest a resilient economy, which could influence the Fed’s upcoming rate decision. If the Fed opts to maintain or raise rates, it could create headwinds for BTC, as higher interest rates typically strengthen the dollar and dampen risk appetite. However, traders are still eyeing that $50,000 target, indicating a bullish sentiment despite potential macroeconomic pressures. It’s worth noting that historical patterns show that BTC often reacts positively to rate cuts or dovish signals from the Fed, so keep an eye on any hints of policy shifts. As we approach the next Fed meeting, monitor the $67,000 level closely; a sustained break above could signal further upside momentum. Conversely, if BTC fails to hold this level, we might see a retracement that could test lower support levels. Watch for market reactions to Fed communications, as they could dictate BTC’s trajectory in the coming weeks.