The Macro Trap: Why Good News For The Economy Is Crushing BTC
$BTC just slammed into its yearly open at 93,500 and reversed hard, directly reacting to stronger-than-expected US jobs data. This is the macro trap playing out: resilient economic health reduces the immediate urgency for Fed easing, pressuring risk assets.
Yet, the market is still pricing in an 89% chance of a December rate cut. Why the contradiction? The gap between megacap asset valuations and actual consumer purchasing power is too wide. The Fed is effectively boxed in; they must ease policy to support consumers facing mounting financial strain, even if inflation sits near 3 percent.
This policy uncertainty is fueling short-term volatility. While
$ETH and major altcoins remain vulnerable,
$BTC must overcome the 96,000 to 98,000 band and stabilize its weekly indicators to validate any bullish continuation. Failure to reclaim the yearly open confirms the overhead supply is too strong. The required momentum catalyst is still missing.
This is not financial advice.
#BTC #Macro #FederalReserve #MarketAnalysis 🧐