Bitcoin hit $65,340, an August high, after US nonfarm payrolls showed the economy lost 23,000 jobs in July.
This isn't just one bad month. May and June payrolls were also revised down by 103,000 jobs, signaling a persistent slowdown.
The market is now pricing a Fed hold on rates in September. Traders link weaker labor data to a softer Fed, and risk assets like BTC gained. The price action shows resilience, even with the Fear & Greed Index at 29.
$BTC needs to hold above 64,725 (EMA20) to main...
$SKHYNIX is showing steady bullish momentum after recovering from recent lows. The trend remains positive, and a move above $1,020 could open the door for another push toward higher resistance levels.
{future}(SKHYNIXUSDT)
Long Setup
Entry: $1,015.00 – $1,020.00
Targets: $1,030.00 | $1,040.00 – $1,050.00
Stop Loss: Below $1,000.00
So payrolls came in at -23k when everyone was expecting +80k — that's a miss. But the real kicker? June got revised down from 57k to 20k. Could swing back up next month, could go lower. Nobody knows.
What actually matters here is unemployment at 4.2%. That dip is interesting.
Now, lower workforce participation isn't automatically bad if it's structural — aging population, people choosing different lifestyles, immigration slowing down, productivity picking up the slack. That's fine.
But here's...