đš BITCOIN JUST GOT HIT BY A HUGE MACRO SIGNAL đđ„
đșđž U.S. JOBS DATA JUST MISSED EXPECTATIONS â AND TREASURY YIELDS ARE FALLING.
September payrolls came in at just 29K, far below the roughly 90K forecast.
đ 10-Year Treasury yield slipped toward 5.18%
đ Unemployment rose to 4.2%
đŠ Expectations for an October Fed hike dropped sharply
And Bitcoin reacted.
âż BTC pushed back toward the $86K area as markets reassessed the Fed's next move.
But here's the twistâŠ
â ïž Weak jobs data can support easier-rate expectations, but it also signals a cooling U.S. economy.
That puts the spotlight directly on the Fed.
đ If yields keep falling, does Bitcoin have enough momentum to challenge the next major level?
$BTC $ETH
#Bitcoin #BTC #Ethereum #ETH #NFP
đșđž U.S. JOBS DATA JUST MISSED EXPECTATIONS â AND TREASURY YIELDS ARE FALLING.
September payrolls came in at just 29K, far below the roughly 90K forecast.
đ 10-Year Treasury yield slipped toward 5.18%
đ Unemployment rose to 4.2%
đŠ Expectations for an October Fed hike dropped sharply
And Bitcoin reacted.
âż BTC pushed back toward the $86K area as markets reassessed the Fed's next move.
But here's the twistâŠ
â ïž Weak jobs data can support easier-rate expectations, but it also signals a cooling U.S. economy.
That puts the spotlight directly on the Fed.
đ If yields keep falling, does Bitcoin have enough momentum to challenge the next major level?
$BTC $ETH
#Bitcoin #BTC #Ethereum #ETH #NFP