🚨 US job data weighs on the dollar and boosts crypto
📊 Surprise figures
Non-farm payrolls (NFP) added only 29 thousand jobs (expected: 90 thousand).
Wage growth: slows to 0.1% monthly and 3% annually.
💡 Economic impact:
The Fed: lower odds of tighter monetary policy, with a move toward holding interest rates steady or cutting them.
Dollar (DXY): increasing downward pressure as bond yields fall.
Risk-on appetite: liquidity shifts toward high-growth assets.
🪙 Market implications:
Bitcoin ($BTC ) directly benefits from a weaker dollar, strengthening its uptrend and targeting higher resistance levels.
Altcoins: improved liquidity provides a haven to find pockets of opportunity and accumulate coins close to their supports (especially AI and Gaming projects).
📌 Bottom line: employment data gives crypto upside fuel, and professional trading requires waiting for confirmation signals (Price Action)
@All
#BitcoinParesGainsAfterRallyTo$86.5K
#USRussiaUkraineTalksReportedlyIncludeLukoilOilDeal
#NvidiaHitsRecordHighUp2.4%
#BTC

#BitcoinRejectedAt$87K