Key points:
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Bitcoin, that fickle lover, dances to the tune of US jobs data, only to fall beneath $111,000 with the grace of a drunk ballerina 🧙♂️.
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BTC, ever the drama queen, sheds its gains while gold, the steadfast companion, ascends to new heights, leaving Bitcoin in the dust 🏆.
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Traders, with the patience of a monk, await a $100,000 retest, hoping for a miracle that never comes 🙏.
Bitcoin, that capricious spirit, trembled at Friday’s Wall Street dawn as US jobs data, a cruel joke, fell short of expectations. The market, a fickle mistress, turned her back on Bitcoin’s promises 🌪️.
Gold Beats Record with US Labor Market “Rapidly Deteriorating” 🏛️
CryptoMoon Markets Pro and TradingView, those modern-day prophets, witnessed BTC/USD scaling September’s peaks at $113,400, only to plummet $3,000 in an hour-a spectacle of chaos 📉.
The August NFP, a dismal tale, revealed the economy added a mere 22,000 jobs, far below the 75,000 expected. The US dollar, once a titan, now cowers, while gold, the eternal victor, claims new glory 🏆.
Market participants, ever the optimists, whispered of a Fed rate cut, a savior for risk assets. The CME Group’s FedWatch Tool, a prophet of prophecy, echoed this hope 🕊️.
The Kobeissi Letter, that voice of reason, declared, “The labor market is rapidly deteriorating,” a sentiment as bleak as a Moscow winter 🌨️.
Kobeissi, the sage, noted that previous months’ numbers had also been revised downward, painting a picture of a nation’s economy in slow motion, a tragic opera 🎭.
“The labor market is far worse than you think,” he warned, adding that August saw a loss of 357,000 full-time jobs-a number so grim, even a philosopher would weep 🥺.
Bitcoin Price Targets Double Down on $100,000 Dip 🎯
Despite the NFP’s ominous implications, BTC’s reaction was as lackluster as a Sunday sermon. WhalePanda, the market’s sardonic commentator, asked, “Who banned Bitcoin?” a question as profound as it is absurd 🤔.
Who banned Bitcoin?
– WhalePanda (@WhalePanda) September 5, 2025
Traders, ever the pragmatists, eyed key resistance levels, hoping for a resurgence. Daan Crypto Trades, a voice of reason, highlighted the 200MA and EMA, those trusty guides through the chaos 🗺️.
“These levels are crucial for momentum,” an X post mused, as if the market itself were a novel waiting to be read 📖.
ZYN, the bullish optimist, declared, “Bulls will be fully back if $113,000 returns,” a statement as hopeful as a child’s wish for a rainbow 🌈.
Ted Pillows, the bearish Cassandra, warned of a plunge to $92K-$94K, a reminder that in the world of crypto, despair is always just a click away 😭.
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2025-09-05 18:37