US NFP data came in stronger than expected.

Expected: 66K

Actual: 130K

This is usually not great for crypto in the short term because strong job data signals a strong economy, which means the Fed has less reason to cut rates anytime soon.

That’s why the DXY spiked after the release, A good data is generally positive for the dollar.

I’ve explained how this data typically works, but whether BTC actually goes up or down from here still depends on market makers which way they want to move the market and it will be more dependent on how US stocks will open.

And lets not forget, News impacts are mostly short lived so there is no need to take them too seriously.