According to Followin, August 11 – Moody's has issued a warning that over 50% of industries are showing signs of layoffs, indicating heightened economic transition risks. Last month's non-farm payrolls rose by a mere 73,000 – significantly below the 100,000 consensus forecast – while May's figures underwent a stunning revision from 144,000 down to 19,000. Should employment data face further downward adjustments, safe-haven sentiment could rapidly intensify. Such macroeconomic uncertainty is amplifying short-term volatility and capital rotation across crypto assets.
Bitcoin has surged from $112,000 to test the $122,000-$123,000 high-density supply zone, where substantial selling pressure has emerged. A confirmed breakout with volume expansion would target the next resistance clusters at $124,000 and $127,000.
Bitunix analysts recommend a confirmation-waiting strategy for BTC at current levels. A decisive volume-backed breakout with daily closing confirmation above $120,000 would signal upside targets at $124,000 and $127,000. Conversely, rejection at $120,000 or formation of long upper wicks could trigger a retest of the $116,000-$114,000 support band. Investors should maintain strict risk controls with per-position stop losses not exceeding 5%-8% of net capital, employing phased entry and trailing stop protocols. Market participants must closely monitor tomorrow's CPI release and subsequent Moody's reports, as macroeconomic developments could trigger abrupt directional shifts.
