Bitcoin: Drops Below $80,000 After Strong Jobs Data
Bitcoin falls below $80,000 after US jobs data beats expectations, lifting Fed hike odds, with price at $79475.13 amid bullish EMA structure.
SourceAnalysis
Bitcoin crashed $1,600 in three minutes below $80,000 after US jobs data came in far stronger than expected, raising the odds of a Fed rate hike.
Price sits at $79475.13 inside the Bollinger band with upper resistance at $82238.75. The 50-EMA at $78362.16 provides immediate support while the 200-EMA at $72679.77 anchors the broader bullish structure. MACD registers a golden cross at 702.35 and RSI at 52.68 remains neutral, pointing to continuation once volatility exhausts near the upper band.
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