S&P 500: Erases $2 Trillion After Strong Jobs Data

S&P 500 erased nearly $2 trillion in market cap hours after the third-strongest US jobs report in 18 months, while Bitcoin sits officially down over 50% from its October 2025 record high.

Price action on the 4h chart shows BTC at $60780.19 inside the Bollinger Bands with lower support at $59637.58; the EMA50 at $68065.88 continues to cap rallies as resistance while the EMA200 at $74069.32 defines the broader bearish structure, and the MACD death cross at -2482.52 keeps downside pressure intact despite RSI(14) at 24.39 flashing oversold.