As the Fundamental Towers of the United States (NFP) report for the March approaches, Bitcoin (BTC) bulls are in a situation that reminds the two -sided character (Harvey Dent) of the movie “The Dark Knight”, which turns the coins to make decisions, sure to control the irrespective holiday of the result.
It is a classic case of “Heads I Gant, Tails You lose”, which means that Bitcoin Bulls will probably come to the top after the imminent job report, regardless of whether the data reveals the strength or weakness of the labor market.
This situation arises from the announcement of President Donald Trump of Wednesday of radical tariffs that affect 180 nations, which leads to future markets at the price in the risks and expectations of the recession of the federal reserve fees.
Consequently, the strongest job data than expected, which generally strengthen the dollar and press risk assets such as BTC, can be ruled out as outdated, so it passes through recent developments resulting from Trump’s policies. Therefore, any fall in BTC after a potentially hot NFP report could quickly revert, which leads to profits.
On the other hand, the weak data would only be added to the fears of recession and reinforce the fees of fed rates cuts, fanning the take risks renewed in the financial markets.
At the time of the publication, Bitcoin changed hands to $ 84,190, after having reached minimums below $ 82,000 on Thursday, according to Coindesk data. The fact that prices have remained well above the minimum of March of $ 77,000 despite the maximum uncertainty of the rate indicate the fatigue of the seller and the potential for an increase in prices.
The implicit volatility index of a Volmex day of one day stood at 65% annualized, indicating an expected price change of 3.4% in the next 24 hours.
Work data must be presented at 12:30 UTC. According to FACTSET, the average estimate of total non -agricultural payroll in March is 130,000, below the February 151,000 account. It is forecast that the unemployment rate has increased to 4.2% of 4.1%.
Before data release, rates operators set 100 basic feat cuts from Fed this year, and the first movement is expected to occur in June, according to the CME Fedwatch tool.
