NFP just dropped — and the market's already moving.
Jobs came in hot. 303K vs. 200K expected. Unemployment steady at 3.8%.
My read:
→ This is not what the Fed wanted to see.
→ Rate cut hopes for June just got pushed back.
→ Dollar up, risk assets under pressure in the short term.
Crypto reaction so far:
$BTC dipped below $67K right after print. Watching $66.5K as the key support. If that breaks, we could see a flush toward $65K–$64K.
Don’t panic trade. If you're long, check your stops. If you're waiting to buy, let the dust settle — there’s often a second wave of selling in the hour after NFP.
Alts will bleed harder if BTC loses support. Don’t try to catch falling knives yet.
Remember: One report doesn’t change the whole trend, but it sure shakes out weak hands.
