🔥 Initial jobless claims below expectations, rate cuts are further away again? Crypto market faces short-term pressure
US initial jobless claims came in below expectations, and the labor market still shows resilience.
Rate-cut expectations keep cooling, and high interest rates may stay longer.
For risk assets like crypto, short-term risk appetite is under pressure, and rebound height is likely to be capped.
Not extremely bearish, but don’t rush to chase longs—control your position size and leverage first.
$BTC #BTC #BinanceSquare #Crypto
US initial jobless claims came in below expectations, and the labor market still shows resilience.
Rate-cut expectations keep cooling, and high interest rates may stay longer.
For risk assets like crypto, short-term risk appetite is under pressure, and rebound height is likely to be capped.
Not extremely bearish, but don’t rush to chase longs—control your position size and leverage first.
$BTC #BTC #BinanceSquare #Crypto
