Bitcoin faces first jobs-week test as US job openings data arrives before Friday payrolls

BTC

BTC/USDT

$79,937.06

+0.20%

$79,937.06

+0.20%

(24s)

24h Volume

$6,274,614,252.76

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,999.99

▲ 0.43%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$79,999.99

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.1

CryptoSlate Editorial

(12:35 PM UTC)

1 min read

Approved byDavid Kim

0 comments

At 10 a.m. ET on Tuesday, the Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for April, and a market that spent years branding Bitcoin as an escape hatch from central banks now hangs on whatever the numbers imply about the Federal Reserve's next move.

This is due to a long chain of cause and effect, where a cooling jobs market gives policymakers room to lower…