🚨 BREAKING
S&P Global Manufacturing #PMI will be released at 9:45 AM ET, shortly after the U.S. market opens.
Possible market reactions:
🔴 PMI > 55.0 → Strong economy. May reduce Fed rate-cut expectations. Potentially bearish for crypto.
🟡 PMI ≈ 54.4 (in line with expectations) → Mixed or sideways price action.
🟢 PMI < 53.5 → Weaker growth. Could increase rate-cut expectations. Potentially bullish for $BTC after the initial volatility.
⚠️ Yesterday's market was already under pressure after stronger-than-expected labor data. Expect increased volatility around today's PMI release.
S&P Global Manufacturing #PMI will be released at 9:45 AM ET, shortly after the U.S. market opens.
Possible market reactions:
🔴 PMI > 55.0 → Strong economy. May reduce Fed rate-cut expectations. Potentially bearish for crypto.
🟡 PMI ≈ 54.4 (in line with expectations) → Mixed or sideways price action.
🟢 PMI < 53.5 → Weaker growth. Could increase rate-cut expectations. Potentially bullish for $BTC after the initial volatility.
⚠️ Yesterday's market was already under pressure after stronger-than-expected labor data. Expect increased volatility around today's PMI release.