$BTC
🚨🇺🇲🔥 Everything is going absolute mental, Since Monday, BTC is up 4.6% and Gold has gained 7.5% ,Crypto, stocks, and gold all charging up together ain't normal, mate; that’s a proper signal 📢
The catalyst is a bit mind-boggling: July's jobs figures came back right proper rubbish, with 23,000 jobs lost down the drain when everyone was expecting an 85,000 gain
That’s a massive 108k miss, plain and simple. And what did risk assets do? Popped open the bubbly
Here’s the breakdown, innit: dreadful economic data revives hopes for a Fed rate cut, which causes Treasury yields to tank
When yields tank, the Dollar takes a proper battering, and a weak Dollar means anything priced in greenbacks—like BTC, gold, and stocks—goes absolute flying
Welcome back to "bad news is cracking news," once again
But watch out, because there's a proper catch. This whole rally relies on just ONE thing: inflation keeping its cool , If inflation kicks off again while the workforce is shrinking, the Fed won't be able to cut rates for love nor money, and this whole liquidity narrative goes completely pear-shaped overnight 👀
If CPI stays chilled, the rally keeps flying with proper explosive potential , But if CPI goes mad again, it's a pure stagflation nightmare where the whole lot goes belly up , Bullish? Spot on Risk-free? Not on your nelly , The next CPI figures are where the real action is 🤔
$XAU
#Bitcoin❗ #GOLD_UPDATE #USGovernment
🚨🇺🇲🔥 Everything is going absolute mental, Since Monday, BTC is up 4.6% and Gold has gained 7.5% ,Crypto, stocks, and gold all charging up together ain't normal, mate; that’s a proper signal 📢
The catalyst is a bit mind-boggling: July's jobs figures came back right proper rubbish, with 23,000 jobs lost down the drain when everyone was expecting an 85,000 gain
That’s a massive 108k miss, plain and simple. And what did risk assets do? Popped open the bubbly
Here’s the breakdown, innit: dreadful economic data revives hopes for a Fed rate cut, which causes Treasury yields to tank
When yields tank, the Dollar takes a proper battering, and a weak Dollar means anything priced in greenbacks—like BTC, gold, and stocks—goes absolute flying
Welcome back to "bad news is cracking news," once again
But watch out, because there's a proper catch. This whole rally relies on just ONE thing: inflation keeping its cool , If inflation kicks off again while the workforce is shrinking, the Fed won't be able to cut rates for love nor money, and this whole liquidity narrative goes completely pear-shaped overnight 👀
If CPI stays chilled, the rally keeps flying with proper explosive potential , But if CPI goes mad again, it's a pure stagflation nightmare where the whole lot goes belly up , Bullish? Spot on Risk-free? Not on your nelly , The next CPI figures are where the real action is 🤔
$XAU
#Bitcoin❗ #GOLD_UPDATE #USGovernment