Bitcoin: Flash Crashes $2k on NFP Surprise
Bitcoin drops $2,000 after stronger-than-expected NFP data lifts September Fed rate hike odds to 67%, with 4h chart showing price at $79427.9 inside Bollinger Bands.
SourceAnalysis
Bitcoin flash crashed $2,000 after an upside NFP surprise pushed September rate hike odds to 67%.
Price sits at $79427.9 on the 4h chart inside the Bollinger Bands with upper resistance at $82234.31 and lower support at $75191.35. The EMA50 at $78360.31 now serves as the key near-term floor while the EMA200 at $72679.3 anchors the broader bullish structure. MACD remains positive at 698.58 after the golden cross, and RSI at 52.37 leaves room for continuation once the NFP volatility fades.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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