I noticed an interesting thing with Bitcoin ahead of the employment report. The situation is such that the bulls are winning in any scenario — a typical case where the NFP result can be interpreted in their favor, regardless of what the numbers turn out to be.

It's all because the market is currently focused on two things: Trump's tariffs and the possible rate cuts by the Federal Reserve. If the NFP report shows strength in the labor market — it will be dismissed as old news, like, "that's before the tariffs." If weakness is shown — traders will immediately start expecting rate cuts, and risk assets will go up. That’s the current power dynamic.

The price is now holding around 73.94K, which is above the March lows of 77K, indicating seller fatigue. The volatility index Volmex shows an expected movement of 3.4% over the next 24 hours. The NFP data is released today at 12:30 UTC, with consensus expecting 130K new jobs versus 151K in February. If the NFP disappoints, it will only strengthen bets on Fed rate cuts, which usually supports crypto.

For now, the picture looks like the bulls are in a winning position regardless of the report’s outcome. NFP could be a trigger, but the context of tariffs and potential easing of monetary policy has already tilted the situation in their favor.