Bitcoin Reclaims $90K as Strong U.S Jobs Data Fuels $100K Push

Group 1: Bitcoin Market Dynamics - Bitcoin has regained its position above the $90,000 mark, rising from approximately $89,200 to around $92,000, supported by significant spot trading activity exceeding $39 billion [1] - Analysts project that Bitcoin could reach between $103,000 and $105,000 within the next 3-4 weeks, following its escape from a three-month downward trend [5] - The weekly RSI indicator suggests potential for further gains, with Bitcoin testing the $93,500 level, which is critical for confirming a breakout from the established downtrend [5][6] Group 2: Employment Data and Federal Reserve Implications - Nonfarm payrolls increased by 50,000 positions last month, while the unemployment rate fell to 4.4%, indicating a recovery post-government shutdown [2] - Despite a weak hiring period, companies have largely avoided significant layoffs, with corporate layoff announcements decreasing and hiring intentions rising [3] - Market analysts suggest that the current labor market conditions indicate moderation rather than deterioration, influencing the Federal Reserve's policy decisions [4]