U.S. December labor data has removed the 'ghost' of economic recession: only 50,000 new jobs and unemployment rate dropped to 4.4%. This signal helped $BTC stabilize within the range of 89,000 – 92,000 USD, avoiding selling pressure toward the 80,000 USD level.
However, the path to reaching the 100,000 USD milestone remains challenging in the short term. A 3.8% wage increase is a major barrier that prevents the Fed from quickly easing monetary policy. As 'cheap money' has not yet returned in full force, breakout momentum will fully depend on demand from Spot ETFs to break through the psychological resistance at 110,000 USD.
Macroeconomic risk has been eliminated, but the market needs a real liquidity boost to explode
BTCUSDT
Perp
66,817.8
+0.38%