4.3 Bitcoin Evening Analysis

All U.S. March non-farm payroll data has been fully released: unemployment rate at 4.3% (down more than expected), non-farm employment at 178,000 (far surpassing expectations), wage growth slowing across the board—long and short signals are offset. The USD strengthens first then consolidates, and Bitcoin’s late-session trading shows a choppy, slightly bearish pattern.

Non-farm payrolls far exceeded expectations, and the unemployment rate fell → economic resilience is strong; rate-cut expectations continue to be pushed back; the USD strengthens; this is bearish for Bitcoin;

Hourly earnings annual rate at 3.5% and monthly rate at 0.2% are both below expectations → inflation pressure eases, partially offsetting the bearish outlook and preventing a sharp crash.

Bitcoin’s late-session trading has no conditions for a one-way surge; overall, it is choppy and slightly weak.

Key support: 68200–68000 (if broken, it will weaken further, with downside toward 67500)

Key resistance: 69300–69500 (rebounds are hard to break through; mainly facing resistance)

Trading suggestion: 67300–67800, target 65300–65800.