💼 NFP — strong but doesn't help
NFP came in strong this week — but in this environment a strong jobs report is actually bad for $BTC . Strong jobs = Fed keeps rates high = no cuts coming = pressure on risk assets. Strong US employment data pushed expectations for Fed rate cuts further into the future, reinforcing a higher-for-longer rate environment and reducing liquidity in speculative markets. 😬
BTCUSDT
Διην.
64,254.6
+0.87%