Bitcoin found temporary support near $100K after the Trump-Musk clash triggered a sell-off, but analysts remain cautious. The $95,500 level is seen as critical psychological support, while a sustained break above $107K would signal bullish revival.
Market structure shows mixed signals: derivatives traders increased long positions during the dip, but spot market volumes remain subdued compared to earlier rallies. This divergence suggests professional traders are more confident in the support levels than retail investors.
The upcoming U.S. jobs data could dictate near-term momentum. A strong labor report might reignite recession fears and test BTC’s resilience, while softer numbers could bolster risk assets and help Bitcoin consolidate above $100K.
This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
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