Bitcoin is trading lower Wednesday as stronger-than-expected U.S. jobs data fueled macro headwinds and triggered another wave of risk-off selling.

Notable Developments:

Trader Notes: Crypto Tony said the precise bottom remains uncertain but identified $64,000 as the strongest support zone due to heavy technical confluence.

He would prefer to see price sweep into that area and print a strong impulsive bounce, a move that could reset momentum and establish a clearer recovery structure.

Trader Jelle believes a multi-week consolidation within the highlighted support zone would likely mark the cycle low.

He pointed to improving macro conditions, including the end of quantitative tightening and a…

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