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Non-farm payrolls just exploded!
178k vs. expected 60k, nearly three times over
Unemployment claims also dropped to 202k, the labor market is incredibly tight!
Once the data was released, the dollar surged straight up, and rate cuts are now unlikely
Even more problematic is that the US stock market is closed on Friday (Good Friday), liquidity is like ghostly, and the weekend through Monday opening is the most dangerous time.
The real showdown is next Monday when the US stock market opens, likely opening lower to fill the gap, BTC first watch if $66k can hold,
Remember, the better the non-farm payrolls → the harder it is to cut rates → the more the crypto market drops,
The logic is that simple.