U.S. July non-farm payrolls data significantly missed expectations: Non-farm employment: -23K (expected +80K) Revised cumulative job changes for May-June: -103K Unemployment rate: 4.1% The weaker data has reignited market expectations for rate cuts, while Trump has again pushed for the removal of Fed Governor Cook, increasing uncertainty around Fed policy. Key takeaway: Despite concentrated negative catalysts, BTC held above $65,000. BTC currently trading at $65,020: 24H: +0.09% 7D: +2.96% 24H range: $64,730–$65,474 Support from capital flows: BTC 24H net inflow: ~$499M BTC ETFs have seen seven consecutive days of net inflows, indicating continued institutional accumulation. However, market sentiment remains cautious: Fear & Greed Index: 30 (Fear) Gold rose to $4,400/oz, but risk-off capital has not yet flowed significantly into BTC. Short-term watch levels: 📍BTC Support: $64,700–$65,000 Breakout: $65,500 → target $66,200 Breakdown: $64,000 → watch for pullback risk 📍ETH Currently ~$1,916 A breakout above $1,950 could trigger further upside momentum. Current market tension: Macro headwinds persist, yet BTC has not weakened—suggesting buying pressure is absorbing sell-offs. Key focus moving forward: Will $65,000 transition from support into a new base for upward movement? Risk disclaimer: The above content is for market information and data analysis only and does not constitute investment advice.
US Nonfarm Data Weakens, BTC Holds $65,000 Amid Rate Cut Speculation
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Summary
BTC price held above $65,000 as U.S. July nonfarm payrolls fell by 23,000 (vs. expected +80,000), with May-June revisions totaling -103,000. Unemployment rose to 4.1%, fueling speculation of a Fed rate cut. BTC traded at $65,020, with $499 million in 24-hour inflows. BTC dominance remained stable as ETFs recorded seven consecutive days of inflows. Gold rose to $4,400/oz, while the Fear & Greed Index held at 30.
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