According to Stock Talk (@stocktalkweekly), U.S. initial jobless claims came in at 228,000, beating the consensus estimate of 230,000 and down from the previous 241,000. This better-than-expected labor data points to continued resilience in the U.S. economy, which could delay potential interest rate cuts by the Federal Reserve. For cryptocurrency traders, this reduces the likelihood of immediate dollar weakness, potentially limiting near-term bullish momentum for Bitcoin and other risk assets. Source: Stock Talk (@stocktalkweekly, May 8, 2025).

According to Tom Emmer (@GOPMajorityWhip), the latest US labor market data has significantly exceeded job growth expectations for May 2025, reinforcing market optimism around President Trump's pro-growth economic agenda (source: Twitter/@GOPMajorityWhip, May 2, 2025). This robust employment data signals continued economic expansion and may influence cryptocurrency and equity markets by supporting risk-on sentiment and expectations for higher consumer spending. Traders should monitor related macroeconomic indicators and the potential impact on the US dollar and Bitcoin price trends, as strong job reports often trigger volatility in both traditional and digital asset markets.

According to CrypNuevo on Twitter, the upcoming week presents key trading events for Bitcoin ($BTC), with major earnings reports from Meta, Amazon, and Apple, alongside critical PCE inflation and labor market data releases. CrypNuevo states he is de-risking his swing long position from $77,000 by taking profits in the current price zone, while maintaining spot holdings. These actions highlight a cautious approach in anticipation of increased market volatility due to macroeconomic and corporate events (source: @CrypNuevo, April 27, 2025).

According to CrypNuevo, the latest significant observation in the lower time frames (LTF) is the appearance of a new wick to the downside, which suggests a high probability of it being filled soon. The challenge lies in predicting the market's reaction to this movement, especially with the upcoming release of Non-Farm Payrolls (NFP) data, which is critical for assessing labor market conditions. Traders should closely monitor these developments for potential market shifts.

According to CrypNuevo, traders should exercise caution with BTC over the next 24 hours due to significant events including a Crypto Summit, Labor Market data release, and a speech by Jerome Powell. The current chart analysis shows BTC trading just below previous range lows, lacking sufficient confluence to predict a clear direction. Traders are advised to let news events guide market movements.

According to Michaël van de Poppe, Bitcoin is currently in a consolidation phase, with the potential for a breakout once it surpasses its all-time high (ATH). This period of consolidation is occurring amid the release of crucial labor market data, which could influence market dynamics if there is a significant deviation from expectations. Traders are advised to monitor Bitcoin's price action closely as it remains range-bound, awaiting a clear directional move. Source: Michaël van de Poppe.

According to CryptoMichNL, Bitcoin's market dominance is at a peak and may soon reverse. This potential reversal could occur in the coming weeks, influenced by a possible Ethereum ($ETH) reversal and negative labor market data. If these factors align, it could result in one of the most significant bearish divergences observed in recent times.