Because the labour market is showing signs of weakness, there is a good chance that the Fed will announce or signal rate cuts in coming meetings. That is potentially bullish for crypto (especially if investors believe lower rates mean more liquidity and risk-taking).
Because you like to wait and analyse: this is a watch-and-wait setup, not an immediate trade maybe — wait for confirmation (e.g., strong follow-through after data + Fed commentary).
The latest reports show more U.S. job cuts and weaker hiring — this puts pressure on the U.S. dollar and increases expectations that the Fed might cut interest rates. For crypto, that’s potentially good news (lower rates = more liquidity for risk assets).
However, it’s not all a green light: too-weak data raises fears of a broader economic slowdown, which could hurt crypto.
Bottom line: With the labour market showing signs of fatigue, the next few weeks are key. If the Fed leans toward easing, crypto could rally. If recession concerns rise, all risk assets (including crypto) may suffer. As always, stay alert, wait for follow-through — and don’t rush into trades.
