Only 29K jobs added vs. 90K expected.
📉 Treasury yields are falling.
📈 Risk assets are reacting positively.
Shorts have been getting squeezed, while long positioning is building.
But you know what often comes next… once the shorts are flushed out, the market may start hunting for longs.
BTC is still grinding higher, but bullish momentum looks weak. Price action is forming a rising channel without a strong trend behind it.
If buyers lose steam, a breakdown to the downside could trigger a long squeeze.
🟢 Bulls need to break $86.9K to target $88.8K.
🔴 Failure to hold the breakout could open the door to a deeper pullback.
The short squeeze may be over. Now watch whether buyers can actually sustain the move.
Historically, BTC's direction on NFP days is close to 50/50.
Watch the price action, not just the headlines!
#Bitcoin #BTC
https://x.com/Adaminssane/status/2105970816387039247
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$BTC is picking up momentum this morning!
https://www.publish0x.com/the-king-of-crypto/dollar-btc-is-picking-up-momentum-this-morning-xdqpdyk
