MARKET REACTS STRONGLY TO NON-FARM DATA - BTC UPDATE | 5 SEPTEMBER
The Nonfarm report triggered a rapid sell-off, sending BTC down nearly 2% in 15 minutes. The price is currently consolidating around the 79.5K level. This move directly coincides with yesterday's bearish outlook.
The lower time frame structure on M15 remains distinctly bearish. The Fair Value Range (FVG) between 79.6K – 80.5K acts as key resistance for any bounce attempt.
Today's Plan:
Long Scenario: Watch the reaction closely at the 78.67K support level. Enter only when you get a clear and reliable bullish confirmation candle.
Short Scenario: Sellers will remain in control unless the price recovers and stays above 80.66K. Until then, short-term rises in resistance zones present selling opportunities.
Note: Patience against impulse. Always wait for installation confirmation before entering.
September 5, 2026 1
