#Buy Bitcoin on dips#
Hot Topic Overview
Overview
The Bitcoin market is currently showing some stability, with prices rebounding to near $95,000 as order books indicate dip buyers. However, Friday's US non-farm payrolls report will be a key test, with expectations for 164,000 new jobs added in December. A stronger-than-expected jobs report could exacerbate concerns about a hawkish Fed, further pushing up real yields and complicating the outlook for risk assets. On the other hand, if the data is weak, it could trigger market expectations of Fed rate cuts and shift market sentiment significantly in favor of risk assets, potentially pushing Bitcoin prices to attempt a break above $100,000 again.
Ace Hot Topic Analysis
Analysis
Bitcoin has recently experienced a dip, but bargain hunters have helped support the price, pushing it back up to near $95,000. Later on Wednesday, Bitcoin tested the long-term support zone of $90,000-$93,000, which has successfully prevented at least six dips since the second half of November. However, Friday's US non-farm payrolls report will test this latest rebound. If the jobs data is stronger than expected, it could exacerbate concerns about the Fed's hawkish stance, further pushing up inflation-adjusted bond yields, which would further complicate the situation for risk assets. On the other hand, if the data is weak, it could trigger market expectations of a Fed rate cut and shift market sentiment significantly in favor of risk assets, potentially allowing Bitcoin to attempt to break through $100,000 again. Additionally, artificial intelligence agent tokens, including AIXBT and AI16Z, have outperformed the broader crypto market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin dip buyers are playing a role in the market, helping to support prices.
US jobs data will be a key test, with stronger-than-expected jobs data likely to exacerbate concerns about the Fed's hawkish stance, further pushing up real yields, which is negative for risk assets.
If the jobs data is weak, it could trigger market expectations of a Fed rate cut, turning market sentiment in favor of risk assets, and Bitcoin could again attempt to break through $100,000.
Inflation concerns and interest rate volatility could lead to a decline in Bitcoin prices, but dip buyers could play a role in the market, helping to support prices.