đš NFP IS OUT AND THE NUMBER IS WILD
The U.S. just added 29K jobs in September.
Expected: 90K
Actual: 29K đł
And unemployment ticked up to 4.2%. Thatâs a HUGE miss.
At first glance, this looks like good news for risk assets because a weaker labor market can reduce pressure on the Fed to keep raising rates.
And weâre already seeing the reaction.
$BTC pushed above $86K and is still holding around that area. U.S. Treasury yields also moved lower after the report as expectations for another rate hike faded.
BUT HEREâS THE PART IâM WATCHING
A weak NFP doesn't automatically mean âBTC only goes up.â If traders start piling into leveraged longs after this move, even a normal pullback can become much more violent. So I'm watching BTC's reaction after the first NFP volatility, not just the headline number. If BTC can hold the $86K area and build above it â I want to see whether buyers can push toward the next resistance. If $86K gets rejected hard â I wouldn't be surprised by a quick leverage flush before the next real move.
My rule today: don't chase the first candle. Let the market show the direction. NFP days can move BTC fast⊠and then completely reverse.
#NFPWatch #CryptoNews #BinanceSquare #Fed $DEXE $ETH
What happens to BTC next after this NFP?
The U.S. just added 29K jobs in September.
Expected: 90K
Actual: 29K đł
And unemployment ticked up to 4.2%. Thatâs a HUGE miss.
At first glance, this looks like good news for risk assets because a weaker labor market can reduce pressure on the Fed to keep raising rates.
And weâre already seeing the reaction.
$BTC pushed above $86K and is still holding around that area. U.S. Treasury yields also moved lower after the report as expectations for another rate hike faded.
BUT HEREâS THE PART IâM WATCHING
A weak NFP doesn't automatically mean âBTC only goes up.â If traders start piling into leveraged longs after this move, even a normal pullback can become much more violent. So I'm watching BTC's reaction after the first NFP volatility, not just the headline number. If BTC can hold the $86K area and build above it â I want to see whether buyers can push toward the next resistance. If $86K gets rejected hard â I wouldn't be surprised by a quick leverage flush before the next real move.
My rule today: don't chase the first candle. Let the market show the direction. NFP days can move BTC fast⊠and then completely reverse.
#NFPWatch #CryptoNews #BinanceSquare #Fed $DEXE $ETH
What happens to BTC next after this NFP?
đą Breaks $88K
đŽ Pulls back first
⥠Chops around $86K
14 heure(s) restante(s)