$BTC traders, I am watching this week closely. 👀
Bitcoin is entering September under pressure, but the next big move may come from the macro side.
We have JOLTS, ISM, ADP, jobless claims and, most importantly, Friday’s US jobs report.
If the data comes in stronger than expected, rate-cut expectations could take a hit and that may put more pressure on risk assets.
But if the labor market shows weakness, $BTC could get some relief.
For me, this is not a week to blindly chase green or red candles. I am waiting for the data, then watching how BTC reacts around key levels.
Volatility is coming. Trade the reaction, not the headline.
What are you watching — bounce or another leg down?
Bitcoin is entering September under pressure, but the next big move may come from the macro side.
We have JOLTS, ISM, ADP, jobless claims and, most importantly, Friday’s US jobs report.
If the data comes in stronger than expected, rate-cut expectations could take a hit and that may put more pressure on risk assets.
But if the labor market shows weakness, $BTC could get some relief.
For me, this is not a week to blindly chase green or red candles. I am waiting for the data, then watching how BTC reacts around key levels.
Volatility is coming. Trade the reaction, not the headline.
What are you watching — bounce or another leg down?
