🔴 The strong August jobs data just forced traders to recalibrate Fed rate cuts, sending Bitcoin 📉 below $80,000. Strong labor markets mean benchmark interest rates stay elevated for longer, pushing liquidity back into cash and yield. Expect risk assets to remain constrained until signs of monetary easing emerge.

Will the Fed cut rates this year despite the strong labor data, or is Bitcoin facing a deeper drop? 👇

#macro #bitcoin #fed #payrolls #liquidity