Tuesday crypto market summary:
The market had only two words yesterday: indecisive!
$BTC oscillated around 65000 during the day. With nonfarm payrolls weakening, it should have risen in theory, but it plunged sharply last night.
The reason is simple:
On one hand, cooling employment and rising rate-cut expectations are bullish for BTC;
On the other hand, oil prices rose above 80, the Fed struck a relatively hawkish tone, and the probability of a rate hike in September rose again.
BTC is currently at 64000-65500. Don’t chase the rally unless 66000 is broken; this is a strong resistance level,