Technical analysis by ScottMelker about Symbol BTC on 7/3/2025

The jobs report just dropped and was stronger than expected. That means the Fed has less reason to cut. That means less chance of immediate liquidity. Since we live in the upside down, apparently more jobs are bad for markets. And we generally see Bitcoin react first and then quickly go back to trading on its own.All of that said, this is an interesting spot. Bitcoin broke out yesterday, before closing back below the resistance. The same is happening so far today, with a potentially ugly top candle if the day stays this way. But it is WAY too early to judge.