TechFlow news, according to Cointelegraph, Bitcoin prices continue to face pressure ahead of the U.S. employment data release, currently hovering around $97,000. Data from prediction market Kalshi indicates that January's non-farm payrolls could reach 238,000, significantly surpassing Wall Street's median expectation of 169,000, with a 28% probability of exceeding 300,000.
CME Group data shows that market expectations for a Fed rate cut in March have notably cooled, with only a 14.5% probability of a 25 basis point reduction. Trader Mark Cullen noted that short-term liquidity is concentrated in the current price range, suggesting Bitcoin may first test the $95,000 support level before breaking upward.
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