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Non-farm payroll data release can be simply interpreted as: strong non-farm payrolls ➕ low unemployment rate, the Federal Reserve has no reason to cut interest rates, the US dollar index surges, and risk assets like Bitcoin are expected to decline, which is bearish for the market. $ETH
It all depends on how the US stock market opens in an hour—will it cause a crash in the crypto space!
Currently, Bitcoin is in the 60,000-70,000 range with little support, and Bitcoin starting with 5 is unavoidable.