Bitcoin$BTC straight from below 60K up to 62,137, a daily gain of nearly 4 points.

Over the past 24 hours, over $60k in liquidations, with shorts contributing $57k. The liquidation data is right there, it's obvious who is swimming naked.

The core driver of this rally is the US June Nonfarm Payrolls — only 57k jobs added, versus expectations of 113k.

Weak employment directly reduced market bets on rate hikes, and the probability of the Fed keeping rates unchanged in July shot up to over 80%.

Macro "bad news" becomes crypto's "good news", the logic is that simple and direct.

Now Bitcoin is around 61,600, with short-term key resistance at 62,500 on the chart.

If it can hold, 63,600 and even 65,200 are not out of the question.

Of course, it could just be a rebound after an oversold condition, given how severe the previous drop was.

At this position in the short term, chase or not?

Everyone's position size and risk tolerance are different. My habit is: don't act blindly near key levels, wait for a clear signal.

Guys, how high do you think this wave can go? Share your thoughts in the comments 👇
#比特币经历2022年来最差上半年