{
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    "date": "2025-09-07T08:53:47",
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    "slug": "bitcoin-price-ignores-major-us-payrolls-miss-to-erase-113-4k-surge",
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        "rendered": "Bitcoin price ignores major US payrolls miss to erase $113.4K surge"
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        "rendered": "<div data-v-43e640e6>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin disappoints with volatility around US jobs data, resulting in a dive under $111,000.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">BTC price action gives up all its gains while gold goes on to hit yet another all-time high.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Traders maintain expectations of a $100,000 support retest.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" title=\"null\">BTC<\/a>) flipped volatile at Friday\u2019s Wall Street open as US jobs data fell far short of expectations.<\/p>\n<figure><img decoding=\"async\" alt=\"Bitcoin Price, Markets, Market Analysis\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991a52-cb1b-71d2-b947-05c6746772da\" title><figcaption><em>BTC\/USD one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<h2>Gold beats record with US labor market \u201crapidly deteriorating\u201d<\/h2>\n<p>Data from <a data-ct-non-breakable=\"null\" href=\"https:\/\/subscription.cointelegraph.com\/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI.\" title=\"null\">Cointelegraph Markets Pro<\/a> and <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">TradingView<\/a> showed BTC\/USD reaching new September highs of $113,400 before dropping almost $3,000 in an hour.<\/p>\n<p>The August print of US nonfarm payrolls (NFP) confirmed that the economy added 22,000 jobs \u2014 far fewer than the anticipated 75,000.<\/p>\n<p>The US dollar&#8217;s strength plummeted as a result, while gold hit new all-time highs.<\/p>\n<figure><img decoding=\"async\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991a4b-1bb8-7a53-980c-097a1591dbed\" title><figcaption><em>XAU\/USD four-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>Reacting, market participants agreed that the course was now set for a key risk-asset tailwind event: the Federal Reserve <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/btc-vs-very-bearish-gold-breakout-5-things-bitcoin-this-week\" title=\"null\">cutting interest rates<\/a> at its Sept. 17 meeting.<\/p>\n<p>Data from CME Group\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">FedWatch Tool<\/a> underscored the likelihood of such an outcome.<\/p>\n<p>\u201cThis marks the 2nd lowest jobs report number since July 2021,\u201d trading resource The Kobeissi Letter wrote in part of a <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/1963943227561537958\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">thread on X<\/a>.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThe labor market is rapidly deteriorating.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991a49-e48f-7541-a62a-1221d57a0f29\" title><figcaption><em>Fed target rate probabilities for September FOMC meeting (screenshot). Source: CME Group<\/em><\/figcaption><\/figure>\n<p>Kobeissi noted that the job numbers for previous months had also been revised down.<\/p>\n<p>\u201cThe labor market is far worse than you think: Not only was June&#8217;s jobs number negative, but the US economy lost -357,000 full time jobs in August,\u201d founder Adam Kobeissi <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/TKL_Adam\/status\/1963961233368924464\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">added<\/a>.<\/p>\n<h2>Bitcoin price targets double down on $100,000 dip<\/h2>\n<p>Despite the positive implications of the NFP print for Bitcoin, BTC price action offered a noticeably lackluster reaction.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-sets-2024-style-bear-trap-major-short-squeeze-trader\" rel=\"Bitcoin sets 2024-style bear trap ahead of \u2018major short squeeze\u2019:\u00a0Trader\" target=\"Bitcoin sets 2024-style bear trap ahead of \u2018major short squeeze\u2019:\u00a0Trader\" title=\"Bitcoin sets 2024-style bear trap ahead of \u2018major short squeeze\u2019:\u00a0Trader\"><em><strong>Bitcoin sets 2024-style bear trap ahead of \u2018major short squeeze\u2019:\u00a0Trader<\/strong><\/em><\/a><\/p>\n<p>This was not lost on some market participants, who included popular commentator WhalePanda.<\/p>\n<p>Traders instead looked to key resistance levels still in need of being flipped back to support. Popular trader Daan Crypto Trades flagged the 200-period simple (SMA) and exponential (EMA) moving averages on four-hour time frames.<\/p>\n<p>\u201cThe 4H 200MA &#038; EMA are generally seen as a good momentum indicator for the short to mid timeframe trend. These have both acted as resistance for the past few weeks and are now being tested again,\u201d part of an X post explained.<\/p>\n<figure><img decoding=\"async\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991a4c-3014-7258-8e37-3364731a12af\" title><figcaption><em>BTC\/USDT perpetual futures four-hour chart. Source: Daan Crypto Trades\/X<\/em><\/figcaption><\/figure>\n<p>\u201cThis is a very crucial level to reclaim for more upside,\u201d fellow trader ZYN <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Zynweb3\/status\/1963918608351809933\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">agreed<\/a> about the pre-NFP price zone, adding that \u201cbulls will be fully back\u201d should $113,000 support return.<\/p>\n<p>Bearish perspectives remained, with crypto investor and entrepreneur Ted Pillows reiterating expectations of a drop toward $100,000.<\/p>\n<p>\u201cAlso, if this level doesn\u2019t hold, BTC could go around $92K-$94K CME gap level,\u201d he <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/TedPillows\/status\/1963947976117657792\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">warned<\/a> on the day.<\/p>\n<figure><img decoding=\"async\" alt src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991a4c-dda1-7599-9f6c-c8c509d4ef3e\" title><figcaption><em>BTC\/USDT one-day chart. Source: Ted Pillows\/X<\/em><\/figcaption><\/figure>\n<p type>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>",
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        "rendered": "<p>Key points: Bitcoin disappoints with volatility around US jobs data, resulting in a dive under $111,000. BTC price action gives [&hellip;]<\/p>",
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