Job data slams the brakes! $BTC : the crypto crowd just touched $80k and got pushed back—where does the market go from here?
The just-released U.S. initial jobless claims came in at 203,000, lower than the expected 208,000, and the prior figure was revised up from 206,000 to 207,000. In plain terms, the labor market is holding up strongly, and the Fed rate-cut expectations have just been doused with cold water.
The stronger employment looks, the less likely rate cuts are—so funds don’t dare rush into risk assets. Bitcoin briefly brushed $80,000 today for the first time since May, only to be slammed back below $79,000 immediately. Bitcoin’s seven-day gain shrank from 23% to 14%, and Ethereum fell from 29% down to 11%. Even Ripple is worse—it dropped nearly 3%.
My view: the data itself isn’t a “nuclear bomb,” but when combined with Friday’s remarks by Waller, it’s completely normal for the bears to seize the moment. Don’t rush to chase in the short term—wait for the market to digest this wave of sentiment.
Want to know how to position yourselves before and after Waller’s speech? Follow me—let’s discuss it in detail in the Fahai chatroom.#美元创近四周最大涨幅
The just-released U.S. initial jobless claims came in at 203,000, lower than the expected 208,000, and the prior figure was revised up from 206,000 to 207,000. In plain terms, the labor market is holding up strongly, and the Fed rate-cut expectations have just been doused with cold water.
The stronger employment looks, the less likely rate cuts are—so funds don’t dare rush into risk assets. Bitcoin briefly brushed $80,000 today for the first time since May, only to be slammed back below $79,000 immediately. Bitcoin’s seven-day gain shrank from 23% to 14%, and Ethereum fell from 29% down to 11%. Even Ripple is worse—it dropped nearly 3%.
My view: the data itself isn’t a “nuclear bomb,” but when combined with Friday’s remarks by Waller, it’s completely normal for the bears to seize the moment. Don’t rush to chase in the short term—wait for the market to digest this wave of sentiment.
Want to know how to position yourselves before and after Waller’s speech? Follow me—let’s discuss it in detail in the Fahai chatroom.#美元创近四周最大涨幅
