Main points:
Bitcoin (BTC) passed $ 104,000 in the Wall Street Open on June 6, as strong American labor market data contrasts with new calls for interest rate discounts.
Bitcoin edges are higher as Trump moves to feeding
Data from Cointelegraph Markets Pro and TradingView BTC/USD showed 2.5 % a day.
After recovering from the sudden losses on the ongoing dispute between US President Donald Trump and the CEO of Spacex, the digestion of the sermon digested fresh inflation as Trump turned his attention to the federal reserve.
“It is too late” at the Federal Reserve Disaster! “He wrote in part of today’s posts on social truth.
Trump is not strange to criticize the Federal Reserve and President Jerome Powell, and he often demanded discounts in the rate of benefits in 2025-a matter that would benefit the principles and encryption.
“Europe had 10 price cuts, we had nothing. Nevertheless, our country is working great,” continued, referring to Powell.
“Go for a full point, missile fuel!”
As Cointelegraph previously mentioned, the markets do not see a little opportunity for discounts before the Federal Reserve meeting in September, according to data from the Fedwatch Group for the CME group, with the full Trump Full Point value.
Meanwhile, it seems that the non -cultivated salary data per day supports the current approach to the federal reserve coach, indicating a flexible labor market and thus reducing the need for low rates.
An official edition of the American Labor Statistics Office (BLS) confirmed that “the total employment of non -cultivated salaries increased by 139,000 in May, and the unemployment rate did not change at 4.2 percent.”
Analysis warns of Bitcoin “liquidity trap”
By moving to the BTC price, the famous trader Thekingfisher has returned to the liquidity request for the book to obtain evidence of the market direction.
Related to: Bitcoin’s divisions only indicated the third “purchase” signal for 2025
Earlier, Cointelegraph noticed many predictions of the negative side in the short term, as commentators agreed that BTC/USD may be less than $ 100,000.
The liquidation map is $ BTC (Optical_Opti Time Frame) reveals a huge collection of long qualifiers between about 99 kg and 102 kg, “part of the X reading function per day.
“This is a huge magnetic area lower than the current price. In contrast, the short qualifiers exceeded 104.5 km minimal.”
TheKingfisher added that “strong imbalance” in BID against the liquidity request increased the risk of a series of liquidity down.
“You see support standards; we see a liquidation trap”, the post has been summarized.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
