Today is Tuesday of JOLTs and just mentioning it sounds boring to me, but the real engine of global liquidity is decided today with the Job Openings in the United States.

$BANK

I’m going to be honest: if I weren’t interested in becoming a better trader and in the crypto world, I’d probably say that topics like this are the most boring and I’d ignore them. Even though I know it’s part of our reality and day-to-day life, it still feels strange that I have to be aware of some U.S. labor survey in order to have a correct view of what’s happening in the market.

$HOME

This number sets the pace for the Federal Reserve. If job openings come in higher than expected, the economy shows signs of overheating, inflation starts pressing again, and the Fed gets firm with rates. What does that mean for us? The dollar strengthens and risk assets, like Bitcoin and altcoins, get shaken. If the numbers are weaker, the market senses rate cuts and “gets a breath of fresh air.”

Watch out for false volatility: The minutes after this report often trigger aggressive wicks specifically designed to sweep positions on both sides—both longs and shorts.

Opening positions at random without checking the macro calendar is basically giving capital to the market. It’s like the current: either you sail with it, or it drags you along.

$UB