Bitcoin Faces Volatility from Sep 5 NFP; Weekly MACD Death Cross Alert
Chinese macroeconomic researcher Adam warns the cryptocurrency community to watch the US nonfarm payroll (NFP) release on September 5 for potential market volatility. Bitcoin has shown renewed weakness around the $108,000 level despite multiple support tests. Analysts fear a weekly MACD “death cross” could prompt institutional and large investors to exit positions. At publication, BTC trades at $108,507, down 5.61% over the past week. Ethereum has fallen 8.40% in the same period. The cautious and bearish sentiment reflects uncertainty over macro data and technical signals. Traders should monitor NFP outcomes closely and prepare for increased crypto volatility.
Bearish
The warning centers on two bearish catalysts: a potential weekly MACD death cross and the US NFP release on September 5. Historically, NFP surprises have triggered sharp crypto sell-offs as macro data often drives risk asset re-pricing. A death cross on Bitcoin’s weekly MACD signals a shift to downward momentum, which can trigger algorithmic selling and prompt institutional traders to reduce exposure. In the short term, we can expect heightened volatility and downward pressure on BTC and correlated assets. Over the longer term, extended bearish momentum may lead to consolidation or deeper corrections until bullish technical patterns or supportive macro indicators reappear.