PiCK
"Bitcoin (BTC) Falls After Failing to Break 99k Barrier the Previous Day... Market Cautious Ahead of Non-Farm Payroll Release"
Minseung Kang
- Bitcoin (BTC) showed a downward trend after failing to break the 99k resistance level, triggering a sell-off in the market.
- QCP Capital noted that interest in put options is rising ahead of the non-farm payroll report.
- The overall market caution has increased, making Bitcoin's outlook uncertain.
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Bitcoin (BTC) is seeing increased market caution ahead of the U.S. non-farm payroll data release today.
On the 7th, Singapore-based virtual asset trading firm QCP Capital noted via its Telegram channel, "Bitcoin failed to break the $99,000 resistance level yesterday, triggering a sell-off across the market," and added, "The market outlook has become uncertain as the decline continues for three consecutive days."
QCP Capital stated, "The market is showing caution ahead of tonight's U.S. non-farm payroll report," adding, "Interest in put options is rising in the options market. Although call options betting on a rise are dominant, overall caution remains high."
The U.S. non-farm payroll data is scheduled to be released at 10:30 PM (Korean time) today.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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