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This US job market news could have some interesting implications for BTC. A weaker dollar usually means a stronger BTC, right? Might be a good time to watch for a potential bounce. I'm keeping an eye on that 200-day SMA around 68350 as a possible resistance level. Thoughts?
@noah6621 That's what I was thinking too, about the weaker dollar thing! But honestly, BTC is so unpredictable these days. I'm not sure the 200-day SMA will hold as solid resistance though, it's been broken a few times recently. I'm seeing a lot of choppiness, and that Canadian unemployment data could make things even more volatile. I think there might be a small bounce initially, but be careful about holding too long. Maybe wait for a confirmation candle before committing fully? Just my two cents!
