If you're still loading up on $BTC expecting this jobs miss to send prices straight higher, stop now.
Traders keep getting chopped buying every Fed-pivot headline only to watch the market dump when recession fears take over. You end up holding the bag and missing the real move.
The numbers were ugly. The US added just 29,000 jobs in September against a 90,000 forecast. Unemployment ticked up to 4.2% from 4.1%. August was revised down to 133,000 from 162,000 and July actually showed a 10,000 job loss. Markets immediately priced in no October hike.
Some will call this bullish for $ETH because the Fed has no reason to tighten further and risk assets should catch a bid. I see the other side more clearly. When revisions turn this negative this fast the slowdown is already here. That usually brings risk-off volatility in $BTC first, not a clean rally.
Do you read this as the start of a crypto move or a warning that harder times are still ahead?
#Bitcoin #NFP #Crypto
Traders keep getting chopped buying every Fed-pivot headline only to watch the market dump when recession fears take over. You end up holding the bag and missing the real move.
The numbers were ugly. The US added just 29,000 jobs in September against a 90,000 forecast. Unemployment ticked up to 4.2% from 4.1%. August was revised down to 133,000 from 162,000 and July actually showed a 10,000 job loss. Markets immediately priced in no October hike.
Some will call this bullish for $ETH because the Fed has no reason to tighten further and risk assets should catch a bid. I see the other side more clearly. When revisions turn this negative this fast the slowdown is already here. That usually brings risk-off volatility in $BTC first, not a clean rally.
Do you read this as the start of a crypto move or a warning that harder times are still ahead?
#Bitcoin #NFP #Crypto