According to Skew Δ, Bitcoin's 4-hour chart indicates it is trading within a mid-range, with the Point of Control (PoC) showing downward pressure on prices this week. The inability to maintain daily trends above the weekly open adds to this bearish outlook. Skew Δ highlights that a potential trend could emerge following the release of employment data, particularly if the data shows weaker employment figures, which might affect trading decisions.

According to Skew Δ (@52kskew), there is significant anticipation surrounding today's employment data release due to unexpected slack in labor market data observed yesterday. This could have a notable impact on cryptocurrency trading, particularly if the employment figures are weaker than expected. Traders should prepare for potential volatility in response to these economic indicators.

According to The Kobeissi Letter, prediction markets suggest the addition of 238,000 jobs to the U.S. economy in January, with a 28% probability of exceeding 300,000 jobs. This forecast significantly surpasses Wall Street's expectations, indicating potential market volatility and trading opportunities based on employment data.