⚡️ THIS IS VERY BULLISH FOR $BTC AND #Alts
For the 2nd consecutive month, ISM Manufacturing PMI has come above 50%.
Historically, every major rally in BTC and alts has occurred with ISM > 50%.
When ISM is above 50, the US economy enters an expansion phase.
During this phase, businesses generate more revenue, individuals earn more, and spending increases.
Increased income leads to a heightened risk appetite, often resulting in significant rallies.
If ISM remains above 50 for a few more months, the crypto winter could be over soon.
🇺🇸 US ISM MANUFACTURING PMI CAME IN AT 52.4
EXPECTED: 51.8
For the 2nd consecutive month, ISM Manufacturing PMI has come above 50%.
Historically, every major rally in BTC and alts has occurred with ISM > 50%.
When ISM is above 50, the US economy enters an expansion phase.
During this phase, businesses generate more revenue, individuals earn more, and spending increases.
Increased income leads to a heightened risk appetite, often resulting in significant rallies.
If ISM remains above 50 for a few more months, the crypto winter could be over soon.
🇺🇸 US ISM MANUFACTURING PMI CAME IN AT 52.4
EXPECTED: 51.8