Crypto Market Shifts to Accumulation Mode Ahead of NFP
The cryptocurrency market has shifted from a vertical rally phase to local accumulation mode, according to an analysis by Incrypted. After reaching all-time levels, prices stalled in the upper ranges, leaving unfilled daily gaps far below.
BTC/USD is currently pinned between $77,000 and $80,000, with two liquidity poles at $76,649 and a Daily FVG stretching toward $84,000+. The market has partially executed the previous plan, reaching last week's high but failing to reach the broader daily imbalance at $74,000, $76,000.
Ethereum also returned to its range after a false push above $2,550. The DXY played out a reversal scenario and moved into the 99.60-99.70 zone. NFP will be the week's main macro trigger, with strong numbers supporting the regulator's hawkish stance and weak ones reviving hopes for easing.