๐ US JOBS DATA: Why Employment Numbers Move Bitcoin
171,000 people watching #USJobsData. Here's what most don't understand:
Jobs data doesn't move Bitcoin directly. It moves the FED. And the Fed moves Bitcoin.
The transmission mechanism:
โ Strong jobs โ Fed stays hawkish โ Yields rise โ BTC pressure
โ Weak jobs โ Fed turns dovish โ Yields drop โ BTC benefits
My macro correlation engine quantifies this exactly.
The key correlation: -0.55
BTC-TNX at -0.55 (strong negative).
This is the strongest it's been in weeks. Bitcoin is HIGHLY sensitive to rate expectations right now.
Current macro picture (Dec 15):
โ BTC-TNX: -0.55 (strong inverse)
โ BTC-SPY: +0.25 (weak positive)
โ BTC-VIX: -0.23 (weak inverse)
โ BTC-DXY: -0.05 (neutral)
โ Regime: MIXED
โ Sentiment: NEUTRAL
Why MIXED regime matters:
The market has shifted from RISK-ON to MIXED.
No clear directional bias. This means:
Higher sensitivity to macro data
Jobs report could be the catalyst
Volatility likely around the release
How to read the jobs report for BTC:
BULLISH for BTC if:
Jobs come in WEAKER than expected
Unemployment rises
Wage growth slows
โ Fed dovish โ Yields drop โ BTC pumps
BEARISH for BTC if:
Jobs come in STRONGER than expected
Unemployment falls
Wage growth accelerates
โ Fed hawkish โ Yields rise โ BTC dumps
The -0.55 correlation is your playbook.
Don't trade the headline number. Watch TNX reaction.
When yields move, BTC moves opposite at -0.55.
Fear & Greed: 24 (Fear)
Retail is cautious. Market regime is MIXED. This is a wait-and-see environment.
The edge:
In MIXED regimes, macro data has OUTSIZED impact.
The jobs report could break the stalemate. The -0.55 TNX correlation tells you which direction.
Watch yields. Trade the correlation.
#USJobsData #bitcoin #MacroAnalysis #Employment #cryptotrading #BTC $BTC
