11:47 AM · 4 September 2026

Bitcoin above $80k ahead to the US NFP report

Cryptocurrencies have been performing noticeably better since yesterday, with Bitcoin jumping from around $77,000 to $81,000 around the same time as the U.S. Treasury announced another bond buyback operation. Bitcoin could see elevated volatility today at 14:30 CET due to the release of the U.S. August NFP report. Let’s take a closer look at BTC’s current technical setup.

Bitcoin chart (D1 interval)

Bitcoin has moved above its 200-day EMA (red line) and the 23.6% Fibonacci retracement, both located near $73,500, making this area an important short-term support zone. On the upside, the 38.2% Fibonacci retracement of the latest downward impulse, around $83,500, is reinforced by previous price action and local highs from the spring, suggesting that a breakout above this level would be particularly important for bulls.

RSI remains elevated but has cooled to around 70, while MACD is not currently providing a clear directional signal. The 50-day and 200-day EMAs are also moving toward a potential “golden cross” if Bitcoin continues to advance from current levels.

A weaker-than-expected NFP report would likely support Bitcoin and could potentially accelerate a move above $83,000, opening the way toward a future test of the $90,000 area. On the other hand, a strong labor-market report could keep Bitcoin consolidating below $80,000, potentially within the $73,000–79,000 range at least until the Federal Reserve’s decision in mid-September.

Source: xStation5

4 September 2026, 8:27 AM

Chart of the Day: EURUSD Ahead of NFP. The Fed Caught Between Warsh and Waller

4 September 2026, 7:40 AM

Economic Calendar - Key NFP Report Takes Center Stage

4 September 2026, 6:45 AM

Morning Wrap: Can NFP Confirm Waller’s Dovish Turn?

3 September 2026, 7:28 AM

Economic Calendar: U.S. ISM Services Index in the Spotlight

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits