source avatarChiutoshi Echomoto【₿=∞/21M】

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GM Brothers and Sisters ✅Bitcoin fell below $75,000 After the U.S. market opened on Friday, BTC dropped to $74,762, its lowest level in several weeks since August 21. The overall cryptocurrency market capitalization fell by about 0.5% on the day. ✅Clear divergence from stock market performance Crypto markets remained weak, while U.S. stocks rebounded. Investors bought the dip in tech stocks after Thursday’s sell-off. The Nasdaq Composite Index rose about 1.8% in the first hour of trading, while the S&P 500 and Nasdaq gained 0.6% and 1.2%, respectively. Some tech stocks rose as much as 6.3%. ✅Strong U.S. jobs data was the main driver Nonfarm payrolls increased by 165,000 in October, far exceeding the market expectation of 65,000. The September figure was also revised upward to 60,000. The unemployment rate fell to 4.1%. ✅Rate hike expectations rose The strong employment data showed the economy can withstand tighter policy, pushing the probability of a 25-basis-point Fed rate hike in December from 66.9% to 76.8%. This creates pressure on risk assets because it may reduce market liquidity. ✅Technical warning Bitcoin is testing support near its 50-week simple moving average around $77,533. Analyst Keith Alan warned that if support near $75,500 fails, the price could drop further to $69,000. A confirmed rebound would require a series of higher highs and higher lows on lower timeframes, and the weekly close should be closely watched. ---------------- Plan accordingly & Choose wisely ✨May your life radiant with Bitcoin✨ bitcoin:native

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