Bitcoin traded around $86,100 on Monday, October 5, up 1.14% over twenty-four hours, with resistance at $87,354 still holding. The United States created 29,000 jobs in September and the figures for the previous two months were revised down by a combined 60,000 positions, while expectations for another Fed rate hike in October fell to between 16% and 22%. US spot Bitcoin ETFs recorded $189.84 million in net inflows recently, with total assets under management at $101.1 billion. On the technical front, a golden cross (bullish crossover of the 50/200-day EMAs) was confirmed in mid-September, with the 100-day EMA also crossing above the 200-day EMA, signaling a medium-term recovery.
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