Bitcoin (BTC)

Following the release of positive PCE data on Friday, Bitcoin (BTC) experienced a delayed rise, gaining approximately 5%. This development provided a much-needed boost to altcoins. Nevertheless, with consensus expectations for employment figures showing signs of recovery mid‑week, investors may have to contend with renewed risk aversion.

Forecasts for non‑farm payroll suggest recovery, with unemployment stable at 4.3%. The Fed members anticipate year‑end unemployment at 4.5%, with recent commentary indicating an uptick in inflation and employment recovery trends. Consequently, any limited inflation increase tested by PCE would suggest that tariff impacts on prices remain minimal, indicating potential employment weakening. While the GDP data exceeding expectations encourages those expecting employment improvement, it frustrates proponents of further interest‑rate cuts.

If BTC manages to maintain the 113,550‑dollar level, it could trend towards 117,400 dollars. However, any employment concerns reflected in ETF reports could see it retracting closer to the 110,000‑dollar mark.

ETH, AVAX, BNB Coin Insights

A promising aspect for risk markets is Ethereum (ETH) spending limited time below 4,000 dollars. If 4,500 dollars is reclaimed, a new price discovery phase is expected. The 4,314‑dollar resistance is crucial in forming a base for further rises. Conversely, losing the 4,145‑dollar support might trigger concerns of a decline towards 3,900 dollars or lower.

Avalanche (AVAX) tested the anticipated 27‑dollar level during a decline but quickly rebounded to capture 29 dollars, now eyeing 32 dollars. Each upward attempt has been met with ill‑timed obstacles, yet surpassing the 200‑day hurdle might see sustained support and over 35‑dollar closures if overall market sentiment remains favorable.

Lastly, Binance Coin (BNB) maintains its strong position. Supporting its base of 920 dollars, BNB has regained 1,018 dollars. An important threshold remains between 1,048 and 1,084 dollars, while current levels might not seem satisfactory overall. Greater peaks could potentially appear by year’s end, but a favorable close is possible before the month’s conclusion.