The market received mixed macro data from the USA and #Bitcoin immediately tries to catch its breath—an upside move toward the 62k area.
Not because the macro suddenly became perfect. Rather because a weaker labor market boosts hopes for a more dovish FED, and #crypto really likes any story about future liquidity.
The problem is that this is still not full risk-on.
Unemployment doesn’t look disastrous, wages remain stable, and #FED is probably not yet getting a clear signal “you can cut without risk”.
That’s why this #BTC move is positive, but you need to watch whether the market holds the levels after the first reaction...
The first candle after the data is emotion. The market’s real answer comes later. #Kryptowaluty #USA
Not because the macro suddenly became perfect. Rather because a weaker labor market boosts hopes for a more dovish FED, and #crypto really likes any story about future liquidity.
The problem is that this is still not full risk-on.
Unemployment doesn’t look disastrous, wages remain stable, and #FED is probably not yet getting a clear signal “you can cut without risk”.
That’s why this #BTC move is positive, but you need to watch whether the market holds the levels after the first reaction...
The first candle after the data is emotion. The market’s real answer comes later. #Kryptowaluty #USA