The post Bitcoin “Bear Thesis” Stays In Play With Fresh $93,500 Rejection appeared on BitcoinEthereumNews.com. Bitcoin (BTC) slipped from the 2025 yearly open into Thursday’s Wall Street trading session as markets reacted to US jobs data. Key points: Strong US labor-market data fails to dent hopes of a December Fed rate cut. Crypto continues to diverge from stocks amid predictions of a strong finish to 2025 for the latter. Bitcoin has multiple key resistance levels to reclaim in order to flip the bearish status quo. Fed has “no option” over rate cut Data from Cointelegraph Markets Pro and TradingView showed BTC price action weakening on surprisingly low US jobless claims. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Both initial and ongoing claims came in below expectations on the day, per data from the St. Louis Fed.  US weekly initial jobless claims through Nov. 29. Source: St. Louis Fed Despite this signal of labor market strengthening, and hence economic resilience, markets doubled down on expectations that the Federal Reserve would lower interest rates at its Dec. 10 meeting. The reason, analysis argued, was a widening gap between risk assets and consumer strength. “The Fed has no option: Even as inflation hits 3%, the Fed MUST cut rates to ‘save’ US consumers,” trading resource The Kobeissi Letter wrote in its latest commentary on X.  “Consumers are struggling while large cap tech stocks are soaring. More rate CUTS are coming into one of the hottest stock markets in history. Own assets or be left behind.” Fed target rate probabilities for Dec. 10 meeting (screenshot). Source: CME Group FedWatch Tool A cut would notionally support further liquidity inflows into crypto and risk assets. As Cointelegraph reported, even the risk of Japan hiking rates in the near future represented a contradictory move, as its central bank finalized a $135 billion economic stimulus injection. Kobeissi described the Japanese situation as a “free-for-all.” “Japan… The post Bitcoin “Bear Thesis” Stays In Play With Fresh $93,500 Rejection appeared on BitcoinEthereumNews.com. Bitcoin (BTC) slipped from the 2025 yearly open into Thursday’s Wall Street trading session as markets reacted to US jobs data. Key points: Strong US labor-market data fails to dent hopes of a December Fed rate cut. Crypto continues to diverge from stocks amid predictions of a strong finish to 2025 for the latter. Bitcoin has multiple key resistance levels to reclaim in order to flip the bearish status quo. Fed has “no option” over rate cut Data from Cointelegraph Markets Pro and TradingView showed BTC price action weakening on surprisingly low US jobless claims. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Both initial and ongoing claims came in below expectations on the day, per data from the St. Louis Fed.  US weekly initial jobless claims through Nov. 29. Source: St. Louis Fed Despite this signal of labor market strengthening, and hence economic resilience, markets doubled down on expectations that the Federal Reserve would lower interest rates at its Dec. 10 meeting. The reason, analysis argued, was a widening gap between risk assets and consumer strength. “The Fed has no option: Even as inflation hits 3%, the Fed MUST cut rates to ‘save’ US consumers,” trading resource The Kobeissi Letter wrote in its latest commentary on X.  “Consumers are struggling while large cap tech stocks are soaring. More rate CUTS are coming into one of the hottest stock markets in history. Own assets or be left behind.” Fed target rate probabilities for Dec. 10 meeting (screenshot). Source: CME Group FedWatch Tool A cut would notionally support further liquidity inflows into crypto and risk assets. As Cointelegraph reported, even the risk of Japan hiking rates in the near future represented a contradictory move, as its central bank finalized a $135 billion economic stimulus injection. Kobeissi described the Japanese situation as a “free-for-all.” “Japan…