Post
Deejah Rumah
$BTC last night’s nonfarm payrolls increased by only 29,000, and the initial reaction was indeed somewhat positive for risk assets, with BTC once touching 87220.
But looking again today, the price has already dropped back to around 84500.
So now I’m actually less concerned about the phrase “nonfarm payrolls positive.”
What really matters is whether the price can hold after the positive news.
If it can reclaim 85000, I will continue to watch for opportunities above; but if it can’t even hold 8400
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