Bitcoin – THIS could be the breakout setup that changes everything!

Key Points

1. Bitcoin's Net Taker Volume on Binance surged above $100 million before the U.S. Nonfarm Payrolls report, indicating speculative buying.

2. The U.S. jobs report showed stronger-than-expected performance with 147,000 new jobs and a drop in unemployment to 4.1%, influencing trader expectations.

3. Fed funds futures now indicate a 95% probability of unchanged interest rates in July, up from 75% before the jobs data release.

4. Historically, strong jobs data and a stronger U.S. dollar have been negative for Bitcoin, creating uncertainty for bullish momentum.

5. Bitcoin's dominance dropped by 3% to 62%, suggesting a potential shift in interest toward altcoins.