Guys, the jobs report came in scorching hot, and the odds of a December rate hike shot straight up to 80%. This news is a huge blow to both crypto and U.S. stocks!
First, U.S. stocks: With interest rates surging, tech stocks propped up by high valuations (like the Nasdaq) are bound to take a hit in the short term. But strong economic data means corporate fundamentals can still hold up. If prices fall hard, there’ll probably be buyers swooping in, so expect a tug-of-war between bulls and bears.
Now, Bitcoin: It’s extremely sensitive to liquidity. Once rate hike expectations rise, it’s bound to fall in the short term. But don’t forget: if high interest rates drag the economy and debt into trouble, Bitcoin’s “safe-haven, inflation-hedge” narrative could come back into play and provide support. So yes, it may fall, but it probably won’t panic as much as tech stocks.
In short: The data is bearish for the short term. But whether this is a genuine top or just a shakeout before another run depends entirely on the upcoming CPI data. #非农就业数据推升加息预期 $BTC
First, U.S. stocks: With interest rates surging, tech stocks propped up by high valuations (like the Nasdaq) are bound to take a hit in the short term. But strong economic data means corporate fundamentals can still hold up. If prices fall hard, there’ll probably be buyers swooping in, so expect a tug-of-war between bulls and bears.
Now, Bitcoin: It’s extremely sensitive to liquidity. Once rate hike expectations rise, it’s bound to fall in the short term. But don’t forget: if high interest rates drag the economy and debt into trouble, Bitcoin’s “safe-haven, inflation-hedge” narrative could come back into play and provide support. So yes, it may fall, but it probably won’t panic as much as tech stocks.
In short: The data is bearish for the short term. But whether this is a genuine top or just a shakeout before another run depends entirely on the upcoming CPI data. #非农就业数据推升加息预期 $BTC
