- Bitcoin has clung to the $100k-level like a cat on a hot tin roof, despite $35M in short liquidations and rising macro uncertainty. 🐱🔥
- Trump’s Fed Chair comments and a strong S&P rally have added a sprinkle of fairy dust to crypto’s short-term bounce. ✨📈
Oh, Bitcoin! The drama queen of the financial world has been strutting its stuff lately. 💃
Despite a cacophony of macro noise, rate cut odds, and Trump’s latest Fed shakeup tease, BTC is still strutting above $100,000. Talk about a diva! 🎤
And in doing so, it has kept FOMO simmering like a pot of water on the verge of boiling over, but without flipping into full-on euphoria. Phew! 😅
This setup is practically screaming bullish continuation. We’re halfway through 2025, and the market is leaning into the rate-cut narrative like it’s a comfy couch – 97.4% odds for a cut at the next FOMC. That’s a big vote of confidence, folks! 🗳️
But here’s the kicker – what if the Fed decides to play hard to get? What if the CPI ticks higher and inflation throws a wrench in the works? Mid-June could get messier than a toddler with a cupcake. 🎂
On the flip side, if BTC keeps its cool, it could set the stage for a breakout that would make even the most seasoned traders do a happy dance. 💃🕺
Resilient labor market strengthens BTC’s macro setup
May’s Non-Farm Payrolls report came in solid, with 139,000 jobs added versus 125,000 expected. Not too shabby, right? Though slightly below April’s 147,000. 📊
The unemployment rate stayed at 4.2%, highlighting a steady but healthy labor market. Who knew stability could be so exciting? 😏
Skeptics might argue that this strong employment data contradicts the idea of a rate-cut pivot. After all, why lower borrowing costs when the economy is doing the cha-cha? 💃
David Hernandez, Crypto Investment Specialist at 21Shares, told AMBCrypto,
“BTC has found solid footing above the meaningful $100,000 support level, with each day spent above this level strengthening it as a foundation for future upward moves.”
He added that Bitcoin’s ability to hold through volatility reflects growing institutional conviction. Especially with the Fed funds market pricing in near-100% odds of a pause this June. Talk about a vote of confidence! 🗳️
Simply put, stable labor data means inflation pressures are manageable without more tightening. This gives the Fed room to pause rate hikes. In turn, it also encourages investment flows into risk-on assets like Bitcoin. 💸
No surprises from the Fed, solid floor for Bitcoin
As the U.S. economy continues to tame inflationary pressures with a string of “better-than-expected” data, it wouldn’t be surprising if the Fed holds rates steady at the upcoming meeting. Yawn! 😴
However, what about those 97.4% odds priced in? Well, that’s why Bitcoin’s resilience matters. 🧐
While short-term volatility is inevitable as investors reposition ahead of the Fed’s decision, BTC’s ability to hold the $100k-level keeps FOMO intact. It also validates its structural support. 💪
In fact, we’ve seen this dynamic play out repeatedly over the past two weeks.
Despite BlackRock reducing its exposure, Bitcoin hasn’t flinched. Holding six figures in the face of institutional distribution underscores just how solid BTC’s macro setup really is. 💥
Trump’s Fed tease stirs the pot
In an unexpected twist, Trump teased a new Fed Chair pick recently, despite Powell’s term running until 2026. Oh, the drama! 🎭
His comments added fuel to the speculative fire and helped push crypto markets up 2.5% over 24 hours – alongside $35 million in short liquidations. Cha-ching! 💰
But if this is just hype—and not substance—there’s a risk this relief rally fades faster than a bad haircut. ✂️
If CPI stays contained and the Fed delivers the expected pause, this base at $100k will become launchpad territory. 🚀
On the other hand, if the market’s pricing proves premature, we could see a volatility shakeout before the next leg. Buckle up! 🎢
Right now, Bitcoin isn’t breaking down – it’s loading up. And if the macro deck falls into place, the next breakout may not just reclaim highs, but rewrite them. 📈
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2025-06-07 20:11