BiyaPay Analyst: US August Non-Farm Payrolls Data Disappointing, Bitcoin Weekly Chart Shows Weakness, Possible Support at $93,000

2025.09.06 18:24:30

September 6th: On the evening of September 5th, the U.S. Bureau of Labor Statistics made an announcement. Only 22,000 non-farm jobs were added in August, which is much lower than the market's expectation of 75,000. The unemployment rate rose to 4.3%, reaching a new high since the end of 2021. This weak employment data has led to a decline in the U.S. dollar and a rise in gold prices, causing volatility in the short-term trend of Bitcoin. Looking at the latest Bitcoin candlestick chart, the weekly chart of BTC is showing a clear downward trend. It has been closing below key support levels for several consecutive weeks. The short-term moving averages are trending downward, and there is a clear bearish crossover in the MACD, indicating a weakening of the bullish momentum. From a technical perspective, if Bitcoin fails to hold above the $100,000 psychological level, the immediate support below may first test the range of $96,000 to $98,000. Further breakdown could extend to around $93,000. Intraday trading is highly volatile, and investors need to be cautious about the risk of short-term pullbacks. BiyaPay reminds users that in an environment where macroeconomic data overlaps with crypto market volatility, flexible asset allocation is especially important. BiyaPay's multi-asset trading wallet continues to provide you with one-stop services such as global remittances, cryptocurrency trading, and U.S.-Hong Kong stock investments, helping you seize opportunities in turbulent markets and achieve asset appreciation.

Add to Favorites Download image Share x Copy link

Relevant content

Yi He: There is a time lag between Binance completing its proof of reserves and users being able to verify it, with the duration typically dependent on the scale of its assets.

Binance co-CEO He Yi stated in a post that the exchange’s latest zero-knowledge proof for its Proof of Reserve (PoR) is now ready, enabling users to independently verify whether their platform balances are backed by at least a 1:1 reserve. He Yi cautioned that a time gap exists between the completion of the reserve proof and users’ ability to verify it themselves, adding that the required time typically depends on asset size and is not controlled by Binance.

9 minutes ago

Bitcoin and Ethereum ETFs See Massive Outflows: $1.47B BTC, $391.22M ETH in 7 Days

Nov 6 Update: #Bitcoin ETFs: 1D NetFlow: -4,832 $BTC(-$366.66M)?? 7D NetFlow: -19,343 $BTC(-$1.47B)?? #Ethereum ETFs: 1D NetFlow: -25,590 $ETH(-$57.31M)?? 7D NetFlow: -174,687 $ETH(-$391.22M)??

9 minutes ago

Whale Breaks Year-Long Silence, Buys 3,009 $BTC Worth $228M

After more than a year of inactivity, this whale keeps buying $BTC, purchasing a total of 3,009 $BTC ($228M) today!

9 minutes ago

US October non-farm payrolls significantly exceeded expectations, creating room for the Federal Reserve to combat inflation.

U.S. October non-farm payroll growth exceeded expectations, with the unemployment rate falling to 4.1%, showing the labor market remains resilient and giving the Federal Reserve (Fed) more room to shift policy focus to inflationary pressures stemming from the Middle East conflict. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows non-farm payrolls rose by 165,000 in October, while the September figure was revised up to a 60,000 gain from the initial 29,000, against market expectations of just a 65,000 increase. Economists estimate the U.S. economy needs to create at least 40,000 jobs monthly to keep pace with growth in the working-age population. Due to a shrinking labor force, this so-called "jobs balance level" has dropped from around 150,000 in 2024 to its current level. With layoff rates at historic lows and a sharp recent rise in job openings, this has further fueled expectations that the labor market may be tightening. However, economists and Fed officials have consistently held that the labor market does not pose an inflation risk. Some economists point out that against the backdrop of tightened immigration policies and population retirements, the shrinking labor supply is the main reason for the U.S.'s relatively low unemployment rate.

9 minutes ago

A crypto whale, dormant for over a year, bought 3009 BTC worth approximately $228 million.

According to Lookonchain's monitoring, a crypto whale dormant for over a year has been continuously buying BTC, accumulating a total of 3,009 BTC today, valued at approximately $228 million.

9 minutes ago

Ahead of the Non-Farm Payrolls (NFP) release, the probability of the Federal Reserve raising interest rates in December stands at 72.8%.

Ahead of the release of U.S. October non-farm payrolls data, CME Group’s FedWatch Tool shows a 27.2% probability that the Federal Reserve will hold interest rates steady in December, while the chance of a 25 basis point hike stands at 72.8%. For next January, the probability of keeping rates unchanged is 21.6%, a cumulative 25 basis point hike is 63.4%, and a cumulative 50 basis point hike is 15.1%.

9 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

NFT project Ptah has launched, with its trading volume exceeding $900,000 in just half a day; its minting mechanism mandates the use of a Binance Agent ID.

2026.10.23 10:16:30

Hot Articles