🚨 THE US JOB DATA JUST CHANGED THE BOARD
The US expected close to 90K new jobs.
It only came in at 29K.
And it doesn’t stop there:
US Unemployment: 4.2%
💵 Wages: +0.1% monthly / +3.0% annual
📉 Revisions for July + August: -60K jobs
In other words: the labor market is cooling much more than the market expected.
And what about BTC?
The first reading is interesting 👀
A weaker jobs report can reduce pressure on the Fed to keep tightening monetary policy.
➡️ Less pressure on rates
➡️ Possible decline in yields
➡️ Less strength in the dollar
➡️ Better environment for risk assets like BTC
But take care...
I wouldn’t automatically assume that “bad jobs = BTC goes up.”
Now I want to see what DXY + bonds + BTC do after digesting the data.
Because that’s where the real signal may be.
Do you think this data could be the fuel BTC needed, or is confirmation still missing?
$BTC
#BTC🔥🔥🔥🔥🔥
Not investment advice. Merely technical and educational analysis.
The US expected close to 90K new jobs.
It only came in at 29K.
And it doesn’t stop there:
US Unemployment: 4.2%
💵 Wages: +0.1% monthly / +3.0% annual
📉 Revisions for July + August: -60K jobs
In other words: the labor market is cooling much more than the market expected.
And what about BTC?
The first reading is interesting 👀
A weaker jobs report can reduce pressure on the Fed to keep tightening monetary policy.
➡️ Less pressure on rates
➡️ Possible decline in yields
➡️ Less strength in the dollar
➡️ Better environment for risk assets like BTC
But take care...
I wouldn’t automatically assume that “bad jobs = BTC goes up.”
Now I want to see what DXY + bonds + BTC do after digesting the data.
Because that’s where the real signal may be.
Do you think this data could be the fuel BTC needed, or is confirmation still missing?
$BTC
#BTC🔥🔥🔥🔥🔥
Not investment advice. Merely technical and educational analysis.