Crypto traders lost $410M after the US unemployment report.

January unemployment dropped to 4.3%, strengthening expectations that the Fed may keep rates higher for longer. Fundamentally, the data looks positive — Trump already called it a victory for the economy.

But the market heard only one thing: liquidity remains under pressure. BTC broke out of its range, with the next key level around $62k if sentiment doesn’t improve.

PYTHUSDT 1D

PYTH has broken above the descending resistance and the daily SMA50 and is currently retesting the broken trendline. If the retest holds and a successful bounce occurs, the potential upside targets are:

🎯 $0.0717
🎯 $0.0833
🎯 $0.0926
🎯 $0.1019
🎯 $0.1152
🎯 $0.1321

If the retest fails and price drops back below the trendline, it may revisit the following support levels:

🛡$0.0545
🛡$0.0470

⚠️ Always apply tight stop-losses and maintain strict risk management.

BTC/USDT ANALYSIS

Bitcoin is trading below the resistance trendline of the descending broadening wedge pattern and is currently moving inside the Ichimoku Cloud.

A decisive breakout above both the cloud and the pattern’s resistance trendline could trigger a bullish rally in the market.

CHZ/USDT ANALYSIS

CHZ is consolidating within a falling wedge pattern and is currently trading above the 21MA, which is acting as strong support. The 100MA is acting as a resistance barrier.

A decisive breakout above both the 100MA and the pattern’s resistance trendline would confirm a bullish rally.