Non-Farm Payrolls drop 172k, rate hike odds spike to 63%, BTC dips below 61000
The non-farm data just smashed expectations, coming in at 172k, way above the forecast of 85k. The Fed's rate hike probability for December shot up to 63%, and the market reacted with BTC dipping below 61000, down 4.5% on the day.
This data is brutal. Institutional funds are clearly reassessing their rate cut expectations; they were still dreaming about a June cut, but that’s off the table now. This BTC drop isn’t just a technical issue, it's a complete repricing on the funding side.
Now, we can only sit back and watch, waiting for the 60k support. Do you think we’ll continue to test the lows in the short term, or are we looking at a rebound for recovery?
#BTC #美联储 #加密市场 #非农数据 #trading_strategy
The non-farm data just smashed expectations, coming in at 172k, way above the forecast of 85k. The Fed's rate hike probability for December shot up to 63%, and the market reacted with BTC dipping below 61000, down 4.5% on the day.
This data is brutal. Institutional funds are clearly reassessing their rate cut expectations; they were still dreaming about a June cut, but that’s off the table now. This BTC drop isn’t just a technical issue, it's a complete repricing on the funding side.
Now, we can only sit back and watch, waiting for the 60k support. Do you think we’ll continue to test the lows in the short term, or are we looking at a rebound for recovery?
#BTC #美联储 #加密市场 #非农数据 #trading_strategy