29K jobs. Read that again.
The market was looking for roughly 90K.
That’s a huge miss.
But honestly, the headline number isn’t even the part I’m watching most closely.
The bigger question is what this says about the U.S. labor market from here.
Jobs are slowing. Unemployment moved higher. Previous numbers were revised down.
Now the market has a new question to price:
What does this change for the Fed?
And that’s where things get interesting for crypto.
I’m not calling for a BTC pump.
I’m not calling for a dump either.
I’m watching the reaction across BTC, DXY, Gold and Treasury yields.
Because the first move after NFP isn’t always the move that matters.
Sometimes the real move starts after everyone stops reacting to the headline.
What are you watching right now?
BTC or DXY?
#NFPWatch #Bitcoin
The market was looking for roughly 90K.
That’s a huge miss.
But honestly, the headline number isn’t even the part I’m watching most closely.
The bigger question is what this says about the U.S. labor market from here.
Jobs are slowing. Unemployment moved higher. Previous numbers were revised down.
Now the market has a new question to price:
What does this change for the Fed?
And that’s where things get interesting for crypto.
I’m not calling for a BTC pump.
I’m not calling for a dump either.
I’m watching the reaction across BTC, DXY, Gold and Treasury yields.
Because the first move after NFP isn’t always the move that matters.
Sometimes the real move starts after everyone stops reacting to the headline.
What are you watching right now?
BTC or DXY?
#NFPWatch #Bitcoin
