Bitcoin price prediction ahead of U.S. jobs report: Volatility back in focus

More than 250 million in leveraged trades were flushed out in just one day, hammering long positions the hardest. The move below short-term support blindsided bulls and reinforced how quickly this market can unravel.
Traders see this as a break on the daily chart. The two-week support that had absorbed recent dips is gone, and momentum in the short term is clearly bearish.
Spikes in liquidations often reflect forced selling, not a steady trend. Still, the lack of a strong bounce is raising concerns about broader weakness.
All eyes are on Wednesday s Nonfarm Payrolls report at 8:30 a.m. ET. Delayed by last month s brief federal shutdown, the data is expected to move markets. Some Trump administration officials have suggested the numbers might come in weaker than expected, which could fuel rate-cut bets and support risk assets though volatility is likely before any clear trend emerges.
From a technical view, the battle zone is clearly 69,000 71,000. But even if Bitcoin rallies into that range, it s resistance until proven otherwise. A meaningful shift in momentum requires a decisive breakout above 72,000, confirmed by a strong daily close. Without it, any rally could quickly fizzle and remain part of the larger corrective move.
Failing to reclaim 69,000 71,000 within 24 hours could open the door toward 64,000. Beneath that, the psychological 60,000 level comes into focus an area where panic selling has historically intensified.