Bitcoin is facing significant pressure as it teeters around the $92,000 mark. If a sustained recovery fails to emerge from this level, a deeper correction towards $88,000 and $85,000 could occur. This situation poses a risk for altcoins, with Ethereum already approaching its own significant loss threshold of $3,000. The upcoming Non-Farm Payroll report, due for release on Thursday, has the potential to further heighten market volatility. 865 million in liquidations were recorded within the last 24 hours. Open positions have decreased, but uncertainty remains as this report could impact Bitcoin’s future trajectory. 865 million in liquidations were recorded within the last 24 hours. The Non-Farm Payroll data release is crucial for assessing current market trends and navigating the complex interplay of US economic events.