Jobs Report

Somewhere right now, someone who bought Friday’s liquidation flush is staring at an $82,272 Bitcoin and grinning. That could have been you. It can be you next week. Bitcoin just closed its third straight green week, up 4.6% week-to-date, printing an overnight high of $82,272 — its strongest level since May 11 — and it did all of it while the most hawkish US jobs surprise of the year tried to bury it. The sellers threw everything they had. The buyers absorbed it, shrugged, and pushed price higher anyway. When bearish news stops working on an asset, the trend has already won. ...

Did you feel that? That sharp exhale at the bottom of the V — the moment the sub-$77,000 panic selling simply ran out of sellers and the bids underneath swallowed it whole. Bitcoin is back at $78,179, up 0.87% in 24 hours, and the dip you were told to fear just turned into the gift you weren’t sure you were allowed to take. The rebound is done. The next leg is being loaded right now — by a jobs report due in hours, and a Senate vote eleven days out. ...