Stronger employment data, yet BTC isn’t falling?
Initial jobless claims came in at 196,000, well below expectations of 208,000! This should be bearish for BTC, but the market simply isn’t buying it.
In the US for the week ending September 12, initial jobless claims were 196,000 and continuing jobless claims were 1.73 million—both below expectations.
Strong employment means rate-cut expectations may be constrained, but BTC didn’t plunge—instead, it started strengthening. This is the signal worth watching most right now: the bad news is out, yet BTC isn’t dropping.
If strong data keeps coming and BTC can still hold up, the market’s trading logic may be changing.
$BTC
Initial jobless claims came in at 196,000, well below expectations of 208,000! This should be bearish for BTC, but the market simply isn’t buying it.
In the US for the week ending September 12, initial jobless claims were 196,000 and continuing jobless claims were 1.73 million—both below expectations.
Strong employment means rate-cut expectations may be constrained, but BTC didn’t plunge—instead, it started strengthening. This is the signal worth watching most right now: the bad news is out, yet BTC isn’t dropping.
If strong data keeps coming and BTC can still hold up, the market’s trading logic may be changing.
$BTC