Bitcoin’s Descent: A Tale of Two Markets 🚀📉

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Key points:

  • Bitcoin, that fickle beast, turned its back on the US jobs report, tumbling over 2% as if spooked by a phantom of economic uncertainty. 🐎

  • The market’s collective will now converges upon this bastion of $110,000, a fortress built from the sweat and toil of countless trades-though whether it stands or falls remains a question for the ages. 🏰

  • Gold, that ancient sentinel of wealth, has risen to claim its throne, outshining both the gilded stocks and the ephemeral glow of cryptocurrencies. 💍

Bitcoin (BTC), that modern-day Icarus, plummeted beneath $109,500 after Thursday’s Wall Street open, as if the US jobs data had whispered sweet nothings into the ears of bears. 🕊️

Bitcoin’s Feeble Resistance: A Tragic Overture

CryptoMoon Markets Pro and TradingView, those modern scribes of chaos, chronicled BTC/USD’s 2% descent, a dirge for the bulls who dared hope for salvation. 🎻

The price, like a stubborn ox, refused to yield to $112,000’s embrace, even as the labor market’s weakening pulse failed to rouse the bears from their slumber. 🐂

“$BTC was rebuffed at its major resistance level,” intoned BitBull, a prophet of the digital age, on X. 🧠

“Until the $114K threshold is reclaimed, every BTC surge shall be but a mirage-a beguiling illusion for the unwary. Should the ascent to $114K prove sluggish, prepare for a tempest before dawn.”

CryptoMoon’s sages whisper of a $100,000 reckoning, a final test of the market’s mettle. 🧪

Yet Swissblock, that optimist in a sea of cynics, claims the $110,000 “critical support” glimmers like a lighthouse, though the path to $118K remains strewn with jagged rocks. 🌊

“Bitcoin’s slide to $100K was never the base case,” they declared, as if scribbling a prophecy. “The wall stood firm… until now.”

“Above lies the $113.6K-$115.6K gate-a portal to glory, if only BTC can muster the strength to breach it.”

Gold’s Triumph: A Shakespearean Interlude

The macro stage favors stocks, as the Fed’s rate-cut promise looms like a tempest over Wall Street. ☁️

Mosaic Asset, ever the cautious bard, warns of a “one and done” rate cut, for inflation’s ghost still haunts the halls of power. 👻

“A single cut may be the Fed’s final act,” they wrote, “for inflation’s specter grows bolder, and the markets tremble at its shadow.”

“The capital markets, like a fickle lover, now court higher inflation-gold’s moment to shine.”

Kobeissi, that modern-day Machiavelli, declared gold the “global safe haven,” a phoenix rising from deficit spending’s ashes. 🔥

“Gold’s ascent is no accident-it is destiny, written in the stars of fiscal folly.”

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2025-09-04 19:48