The nonfarm payrolls report exploded, and BTC was slammed back below 80,000 in one second
Last night’s August nonfarm payrolls came in way above expectations at 162,000, more than three times the market forecast. July’s data was also revised from negative to positive, making it a pretty brutal slap in the face. The probability of a September rate hike jumped all the way to 65%, 10-year Treasury yields climbed to 4.77%, and the dollar got stronger too. BTC was still bouncing around 82,000 this morning, but once the nonfarm data hit, it immediately plunged and broke below 80,000. Bulls who had been hoping rate cuts would keep the rally alive were instantly taught a macro lesson, and by the time they woke up, liquidations were everywhere. CPI is still coming next week, so this 80,000 level is probably going to see some back-and-forth battling.
#比特币 #非农 #BTC
Last night’s August nonfarm payrolls came in way above expectations at 162,000, more than three times the market forecast. July’s data was also revised from negative to positive, making it a pretty brutal slap in the face. The probability of a September rate hike jumped all the way to 65%, 10-year Treasury yields climbed to 4.77%, and the dollar got stronger too. BTC was still bouncing around 82,000 this morning, but once the nonfarm data hit, it immediately plunged and broke below 80,000. Bulls who had been hoping rate cuts would keep the rally alive were instantly taught a macro lesson, and by the time they woke up, liquidations were everywhere. CPI is still coming next week, so this 80,000 level is probably going to see some back-and-forth battling.
#比特币 #非农 #BTC