The US labor market is showing strength, with all data coming in better than expected. The nonfarm payrolls figures are particularly notable.

- Average hourly earnings (MoM) (September) 0.4% vs. 0.3% forecast and 0.5% previous.

- Average hourly earnings (year-over-year) (September) - 4.0% vs. 3.8% forecast and 3.9% previous.

- Change in the number of people employed in the non-farm sector (September) - 254 thousand with a forecast of 147 thousand and the previous figure of 159 thousand.

- Unemployment rate (September) - 4.1% with a forecast of 4.2% and a previous figure of 4.2%.

The#BTCprice on the data release showed a classic "saw" in two directions, first updating the high of the day and reaching $61,782, and then correcting to $61,211. On the lower TFs, liquidity was collected from both sides.

Arguments for correction continue to accumulate on hourly TFs. The price is locally forming a "Bearish Wedge", an exit from it will send the price below $ 61,000. Considering that macro data did not allow the price to break through EMA 200 of the four-hour TF, the potential for working out is high.

But more confirmation of a reversal is needed in case the wedge continues to form.

Therefore, according to P73 Trend & Target Dynamics, the signal of transition to a stable downtrend on 5- and 15-minute TF is important. This may be the start of a fall. If it begins, the trigger for acceleration of the fall should be a breakout of the volume level of $61,231.