đ Bitcoin Eyes $300M Liquidity as US Jobs Data Boosts Confidence!
Bitcoin has jumped up by 2%, responding sharply to surprising US employment numbers for September, which blew past expectations with 254,000 new jobs compared to the predicted 147,000. As the S&P 500 and Nasdaq also surged, risk appetite is strong across marketsâand Bitcoin bulls are loving it.
BTC price is zeroing in on a significant liquidity cluster, with $300 million in sell orders sitting just above $62K.
The Fed's next rate cut, widely expected to be 25 basis points, is also fueling optimism, as the odds shot up to 93% after this jobs report.
Whatâs Next? Traders like Daan Crypto Trades are watching to see if Bitcoin will push even higher, eyeing those juicy sell orders at $62.5K. Meanwhile, Rekt Capital sees this as a perfect retest of support, suggesting that we could be on the verge of more bullish continuation.
Will BTC make a play for that liquidity, or are we in for some resistance? Eyes on the prize!
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