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Alternative Scenario for BTC (Still Uptrend)
Bitcoin “spoofing” sees price support disintegrate
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped below $98,000.
The move came amid macro reactions to US Job Openings and Labor Turnover Survey (JOLTS) data, which showed a hiring surge in a boost to the labor market.
“Market catalyzed lower on JOLTS rising, however without initial jobless claims going up a rising JOLTS means one thing - JOB CREATION,” popular trader and YouTube channel host Matt Cowart responded in a post on X.
“Excited to let the market fall today and back into longs tomorrow.”
Fully reversing snap gains from the day prior, Bitcoin was at the mercy of large-volume traders as recently placed support disappeared.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped below $98,000.
The move came amid macro reactions to US Job Openings and Labor Turnover Survey (JOLTS) data, which showed a hiring surge in a boost to the labor market.
“Market catalyzed lower on JOLTS rising, however without initial jobless claims going up a rising JOLTS means one thing - JOB CREATION,” popular trader and YouTube channel host Matt Cowart responded in a post on X.
“Excited to let the market fall today and back into longs tomorrow.”
Fully reversing snap gains from the day prior, Bitcoin was at the mercy of large-volume traders as recently placed support disappeared.
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