Key points:
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Bitcoin tries to cement a rebound thanks to the data of American jobs showing the weakness of the labor market.
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BTC Price Action remains less than $ 116,000, but command control data has merchants promoting short pressure.
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Evidence of the purchase of diving emerges on the great Bitfinex exchange.
Bitcoin (BTC) rejected $ 116,000 to Wall Street Open on Friday while the Bulls asked for a return from American commercial hollows.
Bitcoin rebounds like Miss American work increases rates
Cointelegraph Markets Pro and TradingView data have shown that BTC / USD is sold at the start of the American negotiation session, reciting local stockings.
The nerves concerning a series of new American commercial prices had sent the pair as low as $ 114,116, and the merchants were divided on what could happen next.
The data on American jobs have contributed to stimulating the atmosphere, however, the unprecedented payroll in July came to 73,000, well below the estimate of the 100,000 and indicating the labor market which begins to fight.
This, in turn, increased the chances that the federal reserve reduced interest rates, just days after the president of the Fed, Jerome Powell, adopted a bellicist tone on future policy.
The latest data from the Fedwatch tool in the CME group showed market expectations that have prioritized rate drop at the Fed’s September meeting.
React, the commercial resources The letter from Kobeissi challenged the revisions of jobs and the figures contrasting with the vision of the Fed on the force of the labor market.
“There are 2 scenarios after today’s data: 1. The US labor market is part of a recession 2. Something really does not go with the data,” he wrote in articles on X, calling downward revisions for the “massive” of May and June.
“The unemployment rate increases and -258,000 jobs apparently disappeared from the data in 2 months.”
President Donald Trump also responded, adding to the existing pressure on Powell to reduce rates.
BTC Price analysis Eyes liquidity saupe
By turning to the action of the BTC prices, the market participants have again looked at the liquidity of the exchange book for the advice regarding the next decision.
In relation: Bitcoin ends the record month at $ 115,000 with BTC prices set for “ vertical ” August ‘
Large blocks of short liquidations await more than $ 120,000 – a level expected for a long time for a revisit after successive “seizures” of targeting.
“Just a question of time before Bitcoin catches it,” said crypto investors and park entrepreneur alongside the surveillance data from Resource Corglass.
Additional data on the exchange volume downloaded on X by the popular analysis account Thekingfisher has shown that Bitfinex traders buying less than $ 115,000.
This bitfinex $ BTC Perp cvd although 🚀
Bitmex and Spot Up upWhat do you look at Anon? pic.twitter.com/o0akzrrmnb
– Thekingfisher (@Kingfisher_Btc) August 1, 2025
The popular CRYPNUVEvo trader has made comparisons between the current price action and that of the beginning of the year.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
