Bitcoin remained lower on February 7, as prediction markets indicated a strong expectation for US employment data. BTC/USD was trading around $97,000 after a 3.5% drop the previous day. Although US jobless claims were slightly higher than expected, Bitcoin did not see any upward momentum. Analysts expect potential market volatility based on labor market data to be released, particularly regarding jobs added in January. Prediction markets suggested that 238,000 jobs were expected to have been added, with some placing a 28% chance that this number could exceed 300,000, significantly higher than Wall Street's median expectation of 169,000. This higher-than-anticipated jobs growth could impact Federal Reserve policy, keeping interest rates elevated and exerting pressure on risk assets like Bitcoin. Trader insights highlighted an entrenched price range for Bitcoin, with potential liquidity runs around $95,000 before significant shifts. Overall, the upcoming jobs report was labeled as critical for market sentiment.

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