Bitcoin price briefly rebounded ~3% from below $107K to test $110K as liquidity improved after Labor Day and traders positioned ahead of key U.S. labor data and the September Fed meeting. Watch $114K and $106.6K–$107.2K as immediate price magnets for near-term direction.
BTC recovered ~3% after a weekend dip below $107K, driven by returning liquidity and event-driven flows.
Ethereum defended $4.2K, Solana held above $200 and XRP remained near $2.8 while many altcoins stayed negative.
Key macro catalysts: JOLTS and Non-Farm Payroll releases this week and the Fed decision on 17 September; historical September weakness is a risk.
Bitcoin price update: BTC up ~3% near $110K after Labor Day liquidity return; monitor macro data and $114K resistance — read for levels and outlook.
What is driving the current Bitcoin price rebound?
Bitcoin price rose about 3% as U.S. markets reopened after Labor Day, restoring liquidity that had amplified weekend volatility. Short-term trading flows and expectations around upcoming U.S. labor reports and September Fed action are the main drivers of price moves this week.
How significant is the liquidity shift after Labor Day?
Thinner liquidity over the extended holiday weekend increased volatility and exacerbated sell-offs. The reopening of U.S. banks and renewed market participation restored order flow, which allowed BTC and top-cap altcoins to recover modestly. Data providers CryptoRank and CoinGlass reported improved intraday volumes coinciding with the bounce.
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Monetary policy expectations strongly influence risk assets. The JOLTS and Non-Farm Payroll reports inform the Federal Reserve’s rate outlook. Market-implied probability (consensus near 91% at time of writing) favors a 25 bps cut by the 17 September meeting; any surprise in jobs data can quickly shift positioning and trigger BTC volatility.
Immediate resistance is around $114K, with a short-term support cluster at $106.6K–$107.2K. BTC dominance near 58% suggests altcoins may remain range-bound until Bitcoin establishes a clear directional bias.
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Source: https://en.coinotag.com/bitcoin-could-reclaim-110k-as-liquidity-returns-u-s-jobs-data-and-september-risks-weigh/