Bitcoin: NFP Data Triggers Bounce Above 60k

BTC pierced its key $58,000 support Wednesday with a low near $57,700 before softer-than-expected NFP data triggered a sharp relief bounce above $60,000, reaching as high as $61,000 overnight.

ETH outperformed, reclaiming the $1,700 handle and gaining nearly 10% from midweek lows.

Price action now sits at $61,919 inside the Bollinger Bands with upper resistance at $62,670. The 50-EMA at $60,712 provides immediate support while the 200-EMA at $64,836 caps upside. MACD golden cross at 481.39 keeps the bullish structure intact and RSI at 62.61 leaves room before overbought conditions appear, suggesting continuation toward the upper band once any shallow pullback to the 50-EMA is absorbed.