Bitcoin pushed higher right after a very weak US jobs report, a positive sign for crypto bulls even as the labor news itself is bad for the economy.

• The US jobs number came in the worst in years, yet Bitcoin jumped instead of falling.
• Money keeps flowing in — four straight days of ETF buying added around $755 million, the biggest week in months.
• Big holders have added over $1.2 billion in Bitcoin since late July, a sign of strong demand.
• The pattern looks like a tight squeeze resolving to the upside, which is usually bullish.

Outlook: Bitcoin stays in its range and the bias is higher as long as the $62,000 floor holds.

## Bitcoin Levels

• **Bias:** Bullish
• **Buy / accumulate:** Around the $62,000 range low
• **Support:** $62,000
• **Resistance:** July highs
• **Invalidation:** A break below the $62,000 low