Key points:
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The US labor market is still being maintained “as non -agricultural payroll data is higher than expected.
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Bitcoin and the actions are directed higher when the president of the United States, Donald Trump, repeats the calls to the Fed to reduce interest rates.
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BTC Price Action can cause a “liquuidity grip” above $ 97,000, a merchant warns.
Bitcoin (BTC) reached new multimantal maximums after May 2 Wall Street opened as the non -agricultural data of the United States exceeds expectations.
Bitcoin Meandro after non -agricultural payrolls exceed
The data of Cointegraph Markets Pro and TrainingView showed that BTC/USD is based on $ 97,000 as the markets digested the last in a week of macro data.
Non -agricultural payrolls indicated 177,000 jobs added in April, considerably more than the prognosis of approximately 140,000.
“The labor market is still being maintained,” wrote the commercial resource that Kobeissi’s letter wrote in part of an X reaction.
The strong result is less optimistic ostensibey for cryptographic and risk assets, since it implies that the labor market is more resistant to close financial conditions, including high interest rates than expected.
This, in turn, gives the Federal Reserve of the United States more margin of maneuver to maintain these conditions at play longer, depending on the markets of the influx of liquuidity associated with lower rates.
Despite this, the S&P 500 compound index and Nasdaq rose more than 1.3% in the day at the time of writing.
Meanwhile, in his latest publication about Truth Social, the US president, Donald Trump, reiterated the calls to the Fed to reduce rates, an approach adopted through its continuous implementation of commercial tariffs.
“Consumers have the waiting of the legs for years to see that prices decrease. Without inflation, the Fed must shoot their rate!” Part of the declared position, referring to several inflation markers.
As Cointegraph reported, the Fed’s next decision on rates will occur on May 7, and the markets did not see any change in the current regime. The latest data of the CME Group Fedwatch tool put the probabilities of a cut next week in just 2%.
BTC price warning “liquuidity liquuidity”
In Bitcoin circles, market participants observed the response of sellers below higher thrusts during the week.
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“It’s going to be an interesting day ahead,” Popular Trader Skew told X followers along with a Exchange order book license.
“Sellers have a leg defending $ 97.2ky continuous shorts to climb at the price. Passive spots will probably decide the trend again.”
Commerce fellow Daan Crypto Trades warned that current top local ones can end with a ploy to take liquidity before a reversal.
“$ BTC exploded from the $ 93K range to $ 96K after the price action was compressed for approximately one week,” part of an X publication is read before macro data versions.
“So far it is a configuration similar to the previous week, but I would like it because to see it change again in that range of $ 93k $ 96k or this would be a liquidity taking.”
Another popular merchant known as the slope fisherman referred to the liquefy of the offer as a reason for a short -term drop to $ 95,000.
Meanwhile, the merchant and the analyst stretch capital, gave an objective target price requirement of the weekend BTC or $ 99,000.
“If Bitcoin continues to remain above $ 93,500 (as it has been far), then the price will be positioned for a movement through the range,” he explained along with the BTC/USD weekly table the previous day.
“However, it is key that $ BTC breaks the high high strength black resistance within this range that is placed at ~ $ 99K this week.”
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
