This Friday, October 23, preliminary U.S. PMI data will be released—an important indicator of how economic activity is evolving.

⏰ Time: 9:45 a.m. New York time.

🔎 What should we watch for?

🔹 Manufacturing: measures activity in the industrial sector.

🔹 Services: helps assess how businesses in the services sector are performing.

🔹 Composite PMI: provides an overall view of business activity.

📈 How is it interpreted?

✅ Above 50: expanding activity.

⚠️ Below 50: contraction in activity.

💵 Why does it matter for trading?

The results can influence inflation expectations and Federal Reserve decisions, triggering movements in the dollar, traditional markets, and cryptocurrencies.

📌 Note: it’s not just the reported figure that matters, but also how it compares with market forecasts. A result that’s positive for the economy doesn’t always mean that BTC’s price will rise.

💬 What about you—do you think these figures will bring volatility to Bitcoin this Friday? Let me know in the comments.

⚠️ Educational and informational content. This is not investment advice.

— Pochita2113 👑