Weak Jobs Data Drops Fed Hike Odds to 17% as Bitcoin Targets Citi's $113K Call
I observe Bitcoin down -1.98% despite macroeconomic shifts working in favour of digital assets. Weak U.S. labour market data has caused Federal Reserve rate-hike expectations to sink to just 17%.
In my view, an easing monetary policy environment provides fundamental tailwinds for $BTC, supporting Citi's long-term target of $113K.
• 24h change: -1.98%
• MACD: Neutral
From a technical perspective, despite short-term pullback pressure pushing price down -1.98%, the broader macro liquidity thesis remains intact.
Absorbing local selling and holding key support will be crucial to sustain upward trajectory toward Citi's $113K projection.
The data indicates traders should monitor interest rate policy developments and support retention before positioning for continuation toward higher target levels.
Disclaimer: This analysis reflects my personal opinion and is not financial advice.
#Macro Insights#
I observe Bitcoin down -1.98% despite macroeconomic shifts working in favour of digital assets. Weak U.S. labour market data has caused Federal Reserve rate-hike expectations to sink to just 17%.
In my view, an easing monetary policy environment provides fundamental tailwinds for $BTC, supporting Citi's long-term target of $113K.
• 24h change: -1.98%
• MACD: Neutral
From a technical perspective, despite short-term pullback pressure pushing price down -1.98%, the broader macro liquidity thesis remains intact.
Absorbing local selling and holding key support will be crucial to sustain upward trajectory toward Citi's $113K projection.
The data indicates traders should monitor interest rate policy developments and support retention before positioning for continuation toward higher target levels.
Disclaimer: This analysis reflects my personal opinion and is not financial advice.
#Macro Insights#