🚨 $BTC
All eyes are on macro statistics today: the US is set to release its July employment report (Nonfarm Payrolls). Economists are forecasting a modest increase of roughly 80,000–97,000 jobs while keeping the unemployment rate at 4.2%. But why could this report flip the game board in the crypto market?
Let’s recall the June scenario. Back then, the labor market showed weakness (only 57,000 new jobs versus expectations), and Bitcoin instantly jumped 4% on hopes for a dovish Fed policy. However, the momentum couldn’t be sustained—within a couple of weeks, the regulator’s rhetoric and a jump in bond yields pushed the price back down.
The market is driven by expectations of rate cuts, but the Fed is still keeping the suspense. If the data turns out worse than forecast, we’ll see liquidity flow back into risk assets again. If the figures are unexpectedly strong, the bears will quickly remind everyone by sending quotes to test local supports.
🧠 Key takeaway:
Trading on news without stop-losses is a game of roulette with the market maker. Volatility at the time the report is released goes through the roof, so it’s better to wait for a clear structure to form on the chart than to try to catch the impulse in the first seconds.
💬 What do you do on days when key macroeconomic data is released: close positions in advance or use volatility for scalping? Share in the comments!