Yesterday , $BTC fall 4% $SOL 6% and $ETH 5% 🔴📉 Because Unemployment Rates Realeased By US government and it fell 0.1%

Expected was 4.4%

Actual Release 4.3%

What does it means ? ❓❓

1) It mean in USA there are less number of unemployed people than expected this lead US dollar to rise

( 1st Reason for Bearish )

2) Due to this DATA, fed Get reason of Not cutting rate because he said he will Cut rate on 2 reasons if Inflation decrease or Unemployment increase

( 2nd Reason For Bearish )

Because Cutting rate Will Lead inflation increase while Unemployment decrease

Right now Unemployment Rate decrease means Labour market is stable , no need of cutting rates which lead Dump in market , In FEB we are not seeing any rate cuts

ETH
ETHUSDT
2,052.33
+5.95%
SOL
SOLUSDT
84.81
+8.46%
BTC
BTCUSDT
68,993.3
+4.57%