US job slowdown boosts $BTC: Don’t chase the price now! ⚠️
🚨 The US jobs report came in far weaker than expected! 🐸
🔷 The US economy added only 29K jobs in September, versus expectations of 89K, while unemployment rose to 4.2% instead of 4.1%. August’s figures were also revised downward by 29K jobs.
The news pushed Bitcoin to high levels, increasing expectations that weak labor market conditions could support the Fed’s move toward easing monetary policy and cutting rates. 👁️
But honestly, there was something I didn’t like about today’s move 👀
The market was already up before the data was released, as if it had been pricing in the news in advance. So I don’t rule out a reversal move and a drop to liquidate the quick buyers before the true direction becomes clear.
🚀 Don’t be fooled by the first candle—let’s watch how the market reacts to the news rather than chasing the price.
$C $SOL $UB
#NFPWatch
#UnemploymentRate
#CryptoNews
$BTC ETHNEAR
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #XRPPostsFirstThreeGreenMonthsInQ3
#BitcoinFundingRateTriplesTo10%
🚨 The US jobs report came in far weaker than expected! 🐸
🔷 The US economy added only 29K jobs in September, versus expectations of 89K, while unemployment rose to 4.2% instead of 4.1%. August’s figures were also revised downward by 29K jobs.
The news pushed Bitcoin to high levels, increasing expectations that weak labor market conditions could support the Fed’s move toward easing monetary policy and cutting rates. 👁️
But honestly, there was something I didn’t like about today’s move 👀
The market was already up before the data was released, as if it had been pricing in the news in advance. So I don’t rule out a reversal move and a drop to liquidate the quick buyers before the true direction becomes clear.
🚀 Don’t be fooled by the first candle—let’s watch how the market reacts to the news rather than chasing the price.
$C $SOL $UB
#NFPWatch
#UnemploymentRate
#CryptoNews
$BTC ETHNEAR
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #XRPPostsFirstThreeGreenMonthsInQ3
#BitcoinFundingRateTriplesTo10%
