Bitcoin rejects at $116K despite US jobs win as Fed rate cut bets pass 75% – MAXBIT

Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market.

Key points:

Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness.

BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze.

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