BTCUSD | Will Bitcoin Sustain Its Recovery Ahead of NFP?Bitcoin / TetherUSBINANCE:BTCUSDTDatTongFundamental approach: - Bitcoin retreated from a one-month high as profit-taking and geopolitical headwinds interrupted its recovery. - US-listed spot Bitcoin ETFs saw 139.2 mln USD in net outflows yesterday, pressured by the ongoing Middle East conflict and risk-off positioning ahead of the US Feb NFP report. - That said, downside may remain limited as regulatory optimism surrounding the CLARITY Act and the potential resumption of ETF inflows could act as a floor for prices. Technical approach: - BTCUSD broke EMA21 and the resistance at 70000 before rising higher. The price is between both EMAs, indicating a shift to sideways movement. - If BTCUSD remains above 70000, the price may retest the immediate resistance at 76000. - On the contrary, breaching below 70000 and EMA21 may prompt a further downward movement toward the support at 62785. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness