Woofun AI notes that Bitcoin’s price fell by approximately 2% during a period marked by deteriorating macroeconomic conditions. This muted reaction occurred despite U.S. non-farm payrolls missing expectations and renewed Middle East tensions fueling inflation fears and rate hike speculation. Coinbase analysts interpret this resilience as a signal that selling pressure is exhausting and a local bottom may be forming.

However, the exchange cautions that the environment remains fluid, with potential for further downside if geopolitical or Fed policy risks escalate.