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🚨US Economy Misses Forecasts: What the 57K Jobs Report Means for Bitcoin & Stocks

Krown · · 1:49:54 · Watch on YouTube

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BTC near publication: $61,6134-hour candle close · 2 Jul 2026, 16:00 UTC · BTC/USDT

On Bitcoin

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  • Next days (next 1–7 days): Leans up (timeframe is our reading): I think Bitcoin's going to try a bigger rally from here. I think that you get up to uh 64 or so. ▶ 1:27:29 Said again while their call of 1 Jul 2026 was open, so it counts once; that call was right: 60.1k when said, 61.7k on 8 Jul 2026 (+2.6%).
  • Next weeks (next 2–6 weeks): Leans up: I do think Bitcoin uh spends probably most of this month uh trying to bounce. ▶ 51:11 Said again while their call of 9 Jun 2026 was open, so it counts once; that call was right: 61.1k when said, 62.9k on 9 Jul 2026 (+2.8%).
  • Next months (next 2–6 months): Leans down: and then August for for real continuation if we're going to see some really really nasty. ▶ 51:42 Said again while their call of 30 Jun 2026 was open, so it counts once; that call was wrong: 58.4k when said, 80.6k on 28 Oct 2026 (+38.0%).
  • This cycle (next 6–18 months): Leans down (timeframe is our reading): I cannot personally shift around um to being overall looking for like a major macro reversal on Bitcoin, especially as long as it's below about uh 68,500 or so. ▶ 25:21 Said again while their call of 6 Oct 2025 was open, so it counts once; that call was right: 124.2k when said, 86.2k on 6 Oct 2026 (−30.6%).

If this, then that

  • If Bitcoin closes back above the previous high on the 3-day time frame, forming a bullish engulfing, then 64k (next days): it can close back above 62155. That would be the previous high again. once again putting in a bullish engulfing dildo right there. Um so again, you know, 64,000 bucks seems like a very very very very high probability ▶ 20:17
  • If Bitcoin reclaims the 618 level on a monthly closing basis, then no target given (next months): If Bitcoin can reclaim the 618 level on a monthly closing basis, you get your first sort of warning to know, hey, Bitcoin actually might be doing something ▶ 19:44
  • If Bitcoin reclaims the June 22nd lower high, then 70k (next weeks): the June 22nd um high here at 65550. If Bitcoin could reclaim that, I do think you have a shot towards um 70ish ▶ 1:43:33

Levels named

  • 83k: Resistance (previous weekly lower high that must be reclaimed for a reversal by the book): you'd want to see Bitcoin reclaim that last previous weekly lower high, which is all the way at 82 or sorry, 83,000 bucks and change. ▶ 25:43
  • 68.5k: Resistance (no major macro reversal call while below this on a high-term closing basis): I cannot personally shift around um to being overall looking for like a major macro reversal on Bitcoin, especially as long as it's below about uh 68,500 or so. ▶ 25:21
  • 64k: Resistance, expected to turn price back (monthly HPDR 618 level sits just above 64k, acting as a ceiling for the July rally): I don't think we're going to get any major rallies past that major number of about 64,000 bucks. ▶ 18:59
  • 62.3k: Target (daily 21 EMA target from bullish divergence, already hit): That was yesterday's short-term target at 62340. Bitcoin's already hit that. ▶ 18:08
  • 60k: Their view is wrong past this (today's low is the invalidation for the daily-timeframe move up): basically today's low is a really good invalidation point for that, which is more or less 60,000 bucks even. ▶ 49:07
  • 50.6k: Support (bottom of the July range at the 76 level of the monthly HPDR): the bottom end of that boundary at the 76 level is about 50,650. So that is essentially what I expect for the range of this month. ▶ 19:33

Their own position: Bought. I've been buying in the low $60,000 territory based off of my long-term system, based off the LTI, especially, and I I've already done my buying here.

Dates named

  • Non-farm payrolls: 57K jobs added vs ~110K expected on 2 Jul 2026: non-farm payrolls just come out this morning and 57,000 jobs added which is a severe miss.