The initial data came in better than expected. U.S. employment is holding up well, and rate cuts are even less likely. The U.S. dollar is strengthening, pressuring gold, and it’s continuing to weigh on BTC, ETH, and DOGE—so it will be hard for the market to pull up its pace again. The bears have even more confidence!

Before the data even landed, there was already a push higher that reached interim new highs. That alone creates a need for a pullback, and the odds of a sharp selloff are very high. More likely, price stays under pressure in the high range and can’t push higher; once it bounces, it’s easy to get smashed. If the 80,000 level can’t be held, it’s very likely to plunge rapidly! $BTC $ETH