$BTC WEAK US JOBS DATA JUST DROPPED – MACRO CROSSROADS AHEAD 🚨
June non-farm payrolls came in at 57,000 – barely half the 110,000 expected. To make it worse, the previous month's number was slashed from 172,000 to 129,000. That's the softest labor market reading we've seen in months.
Markets will start pricing in a more dovish Fed. Risk assets like Bitcoin tend to bid up on that narrative. The immediate reaction could determine whether we sweep the recent lows or start a relief rally. Volume should spike in the next few hours. Are you leaning long or staying flat here?
Not financial advice. Always manage your risk.
#BTC #Macro #JobsData #CryptoMoves
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June non-farm payrolls came in at 57,000 – barely half the 110,000 expected. To make it worse, the previous month's number was slashed from 172,000 to 129,000. That's the softest labor market reading we've seen in months.
Markets will start pricing in a more dovish Fed. Risk assets like Bitcoin tend to bid up on that narrative. The immediate reaction could determine whether we sweep the recent lows or start a relief rally. Volume should spike in the next few hours. Are you leaning long or staying flat here?
Not financial advice. Always manage your risk.
#BTC #Macro #JobsData #CryptoMoves
⚡