Bitcoin (BTC) saw a recovery from sub-$69,000 levels on Nov. 1 following surprising US jobs data that led to dollar fluctuations. Data from Cointelegraph Markets Pro and TradingView indicated a BTC price rebound after disappointing nonfarm payroll numbers for October. The job additions were well below expectations, with just 12,000 new jobs compared to the anticipated 106,000. Unemployment remained steady at 4.1%. Analysts predicted a 0.25% interest rate cut by the Federal Reserve in response to the weak labor market. The US Dollar Index dropped to 103.6 before bouncing back. Bitcoin attempted to recover from recent losses, surpassing $71,000 and liquidating shorts. Traders highlighted key support levels and bullish indicators on various timeframes. This article emphasizes the importance of conducting personal research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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