$BTC
đš #NFPWatch â THE MARKET GOT THE NUMBER IT WANTED⊠NOW IT HAS TO FIGURE OUT IF THATâS ACTUALLY GOOD. đđ
September payrolls: +29K
Expected: ~+90K
Unemployment: 4.2%
Thatâs not exactly a hiring party. đđ
And the first reaction?
đ Treasury yields eased
đ Near-term Fed hike expectations cooled
đ Risk assets caught a bid
Crypto traders: âBULLISH! đâ
The economy: âHold on a secondâŠâ đ
Because there are two possible narratives:
đą Soft landing: Inflation cools + jobs slow gradually â Fed stays patient â liquidity improves.
đŽ Growth scare: Hiring keeps deteriorating â recession fears rise â risk appetite gets hit.
So this NFP print isnât just about one green or red candle.
The market is asking a much bigger question:
Is the economy cooling⊠or starting to crack? đ
And $BTC?
Apparently, it gets to be the first one to answer. đż
DYOR.$SAND
$ONE
#btc
đš #NFPWatch â THE MARKET GOT THE NUMBER IT WANTED⊠NOW IT HAS TO FIGURE OUT IF THATâS ACTUALLY GOOD. đđ
September payrolls: +29K
Expected: ~+90K
Unemployment: 4.2%
Thatâs not exactly a hiring party. đđ
And the first reaction?
đ Treasury yields eased
đ Near-term Fed hike expectations cooled
đ Risk assets caught a bid
Crypto traders: âBULLISH! đâ
The economy: âHold on a secondâŠâ đ
Because there are two possible narratives:
đą Soft landing: Inflation cools + jobs slow gradually â Fed stays patient â liquidity improves.
đŽ Growth scare: Hiring keeps deteriorating â recession fears rise â risk appetite gets hit.
So this NFP print isnât just about one green or red candle.
The market is asking a much bigger question:
Is the economy cooling⊠or starting to crack? đ
And $BTC?
Apparently, it gets to be the first one to answer. đż
DYOR.$SAND
$ONE
#btc
