Bitcoin climbed to $82,258 yesterday, then fell back to $78,600 within an hour of today's US jobs report, which came in at nearly triple the expected figure.
Supports pile up near $77,900: the lower edge of the gap left by the surge, the 12-hour average price line, and the low this rally began from all meet there.
Below $76,600 the recent lows at $76,850 and $76,930 break together, removing the case for upside, which is why the stop sits just beneath them.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
