#BiyondDaily - Looking Bullish ⤵️
1️⃣Bitcoin rises following a worse-than-expected U.S. jobs report, increasing the likelihood of a rate cut.
2️⃣Market sentiment and Bitcoin prices are influenced by movements in the bond market, particularly the dip in the 10-year bond.
3️⃣The SEC announces a delay in its decision on the proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF until June 2024.
4️⃣Considering the recent developments, it may be a good time to consider buying Bitcoin, possibly on a retest of the $60,000 area next week.
5️⃣The $59,000 to $58,000 region is crucial; if it holds after an initial test and breach, it could indicate a bottom.
6️⃣A large negative bias and short trap could be building based on the Long Vs Short ratio.
7️⃣A daily candle consistently closing below $58,000 could invalidate the bullish scenario, while surpassing $65,000 could pave the way for a move towards $100,000.
