A shockingly weak US jobs report should have hurt risk assets, but Bitcoin and stocks rallied anyway — a bullish sign for crypto buyers.

• US payrolls went negative for the first time in years, missing expectations badly, and prior months were revised down sharply.
• Unemployment fell only because people gave up looking for work, and wage growth was the slowest since 2021.
• Bitcoin rose into the bad news instead of falling, helped by four straight days of ETF buying and big investors adding over $1.2 billion since late July.
• A rare seasonal "moon" buy signal that fired on July 29 points to about 12.5% upside, which would put Bitcoin near $72,000 by mid-August.
• Rising oil prices, no deal on the Strait of Hormuz, and next week's inflation report are the main risks that could cap the bounce.

Outlook: The bias is an upside breakout toward $67,000 and possibly $70,000+ over the next two weeks, as long as Bitcoin holds last week's low.

## Bitcoin Levels

• **Bias:** Bullish — expecting an upside breakout while the range holds.
• **Buy / accumulate:** $62,500–$63,000 (last week's low); daily $100 DCA regardless.
• **Support:** $64,566 (midband pivot); $62,500–$63,000; $62,225 index low.
• **Resistance:** $67,000; $65,369 (trending lower high); $65,714.
• **Targets:** $72,000 (moon signal); $70,000.
• **Invalidation:** Daily/weekly close below $62,225 (bearish downside case targets the $43,500 area).