NFP just came in stronger than expected, which is bearish for risk assets. After the release, DXY and 2Y/10Y yield immediately reacted with a pump. Bitcoin plunged roughly 2.5%, right into our long-POI which it’s currently rejecting. That’s the beautiful thing about price, it always stops somewhere for a reason, no matter the news impact. The 50% level I highlighted for BTC this morning got hit. But I’m way more careful with longs due to the rate pressure that strengthened with this NFP release. Chances of a rate hike already increased a bit, so I’m using the “rate pressure” market regime for my risk management.(Lennaert Snyder)