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Time Details
2025-02-07
08:02
BTC Faces Downward Pressure Amid Employment Data Release

According to Skew Δ, Bitcoin's 4-hour chart indicates it is trading within a mid-range, with the Point of Control (PoC) showing downward pressure on prices this week. The inability to maintain daily trends above the weekly open adds to this bearish outlook. Skew Δ highlights that a potential trend could emerge following the release of employment data, particularly if the data shows weaker employment figures, which might affect trading decisions.

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