usjobsdata

The U.S. labor market posted a stronger-than-expected gain of 119,000 jobs in September, even as the unemployment rate unexpectedly climbed to 4.4%, according to long-delayed government data released Thursday.The report — originally scheduled for early October — was pushed back six weeks due to the federal government shutdown, leaving markets without timely labor figures throughout a volatile period.What to KnowThe U.S. added 119,000 jobs, beating economist expectations of 50,000.The unemployment rate rose to 4.4%, above the 4.3% forecast.The shutdown-delayed jobs report arrives as markets weigh fading Fed rate-cut odds.Bitcoin held modest gains around $91,900 following strong Nvidia earnings.Next up-to-date labor data will not be released until mid-December.Delayed Report Shows Labor Market Firmer Than ExpectedThe Bureau of Labor Statistics data showed nonfarm payrolls rising by 119,000 in September. Economists had projected 50,000, following a revised 4,000-job decline in August (originally reported as a 22,000 gain).However, the unemployment rate ticked up to 4.4%, suggesting a softening in labor-market conditions despite stronger hiring.The late release complicates the near-term economic outlook, as policymakers, analysts and traders lack fresh data heading into the Federal Reserve’s final 2025 meeting.Market Reaction: Bitcoin Holds Gains, Nasdaq Futures JumpBitcoin continued to hold its modest overnight lift, trading near $91,900 after Nvidia’s strong earnings and upbeat outlook calmed jittery markets late Wednesday.U.S. equity futures extended those gains:Nasdaq futures +1.9%S&P 500 and Dow futures higher10-year Treasury yield steady at 4.11%U.S. dollar index slightly strongerThe jobs report did not materially shift sentiment, as markets had already priced out a December rate cut.Fed Rate Cut Expectations Unlikely to ChangeTraders had largely eliminated the possibility of a December interest rate cut prior to the data release, citing:the Federal Reserve’s hawkish tone in recent speechesuncertainty caused by missing labor-market dataconcerns about inflation persistenceThursday’s numbers — strong on payrolls but weaker on unemployment — are unlikely to alter those expectations.With no updated employment report arriving until mid-December, the Fed will go into its final 2025 meeting with only partial visibility into labor conditions.OutlookThe September report offers a backward-looking snapshot of a labor market that remains resilient but is showing signs of cooling at the margins. Markets now await the next batch of timely data, though it may arrive after key policy decisions are already made.For now:hiring is strongerunemployment is risingand the Fed’s December calculus remains unchangedCrypto and equities continue to take signals primarily from earnings strength, tech momentum and shifting rate expectations rather than delayed economic data.

$BTC
Right now, **Bitcoin** is reacting perfectly at the ascending trendline support near the 67K area. Price is still respecting the structure, but short-term momentum is clearly weakening with consistent lower highs forming.

Here’s how I see it 👇

🔹 Price is sitting on trendline support + minor demand zone
🔹 Downside liquidity is resting around 66.5K
🔹 Major resistance / supply zone stands at 70.5K – 71.2K

### Current Structure

• Ascending trendline support under pressure
• Lower high formation (short-term bearish pressure building)
• Tight price compression → breakout move loading

The market is coiling. Big move incoming.

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## 📈 Bullish Case

If BTC holds the trendline and reclaims 68.2K with strength, I’m expecting a bounce.

Targets:
➡️ 69.5K
➡️ 70.8K
➡️ 71.5K

Momentum confirmation is key.

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## 📉 Bearish Case

If BTC breaks and closes below the 67K trendline, expect a liquidity sweep below.

Targets:
➡️ 66.4K
➡️ 65.5K
➡️ 64.8K

Clean breakdown = fast downside move.

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⚠️ My approach: No early entries. Fake breakout or fake breakdown is highly possible here. I’ll wait for confirmation before positionin
g.
#CPIWatch #USJobsData #PEPEBrokeThroughDowntrendLine #OpenClawFounderJoinsOpenAI

Trendline reaction will decide everything.

Dogecoin (DOGE) — the original meme cryptocurrency — has once again seized the spotlight in the crypto market. Technical analysts and traders are pointing to a classic “cup and handle” formation on DOGE’s price chart as a potential trigger for a major upside move, with projections suggesting a rally of up to 50 % if key resistance is cleared. At the same time, closely correlated meme tokens Shiba Inu (SHIB) and BONK are forming their own breakout structures, raising hopes of a broader meme-coin season revival. bitget.com
What Is the Cup and Handle Pattern?
In technical analysis, a cup and handle is a bullish continuation pattern marked by:
A rounded bottom forming the “cup,” indicating a period of consolidation and accumulation.A smaller pullback or sideways movement (the “handle”) before a breakout above resistance. �Wikipedia.
When validated with strong volume and demand, this pattern often precedes a significant advance as buyers step in once resistance levels are decisively breached.
Dogecoin’s Setup: Bullish But Watching Resistance
According to recent price data and chart analysis:
The cup portion of DOGE’s pattern formed through early February.The subsequent handle consolidation has respected support near $0.103.The key breakout level sits near $0.117, which also aligns with a down-sloping resistance trendline. �bitget.com
If DOGE climbs above $0.117 with conviction, technical projections point toward a move into the $0.18 range — roughly a 50 % increase from current prices. This kind of breakout could re-energize bullish sentiment across the broader crypto sector. �bitget.com
At the same time, on-chain metrics suggest “strong hands” are increasingly supporting DOGE, with large holders adding to positions while short-term traders reduce exposure. This shift — often viewed as a sign of conviction — may fortify the pattern’s bullish implications. �
SHIB and BONK: Correlation and Breakout Patterns
As the largest meme coin by market share, Dogecoin’s price trends have historically influenced the wider meme token space. Recent data shows very high correlation between DOGE, SHIB and BONK — near 0.97–0.99 over the past month — meaning these assets tend to move in close tandem. �bitget.com
BONK: On shorter timeframes, BONK is forming an inverse head-and-shoulders pattern — a bullish reversal setup. A confirmed breakout above the neckline near $0.0000075 could project gains of around 43 %. �BeInCrypto
Shiba Inu (SHIB): SHIB’s chart shows a bullish flag pattern — a brief pause after a rally that historically precedes continuation. Breaking above the flag’s resistance around $0.0000069 could similarly send prices toward notable upside levels. �BeInCrypto
These technical structures set the stage for what traders hope will be a synchronized breakout across meme tokens — provided Dogecoin’s own pattern confirms first.
Risks and Invalidations
Even with promising setups, analysts caution that patterns are not guarantees:
A drop below around $0.098 in DOGE would weaken the cup-and-handle thesis.Falling under $0.091 could fully invalidate the structure and signal deeper correction.bitget.com
Macro crypto market conditions, liquidity flows, and broader sentiment — especially around Bitcoin and major altcoins — will also shape what happens next.
What This Could Mean for Meme-Coin Season
Should Dogecoin break above key resistance, it wouldn’t just benefit DOGE itself. Given its leadership position in the meme coin ecosystem, a decisive breakout could act as a catalyst for SHIB, BONK and other related tokens to follow suit. That’s why traders and market observers are watching this technical setup so closely.
Disclaimer: This article summarizes current market structure and patterns; it is not financial advice. Cryptocurrency markets are volatile, and you should conduct your own research before making any investment decisions.#TradeCryptosOnX #CPIWatch #USJobsData