The Fed just lost its excuse? đ
September jobs: only ~29K added, unemployment up to 4.2%. Odds of another 0.25pt hike on Oct 28 dropped to ~18-20% (CME FedWatch), from ~70% a week ago.
Meanwhile $BTC chops near $85.6K and $172M in leveraged positions got wiped in 24h ($101M longs, $71M shorts). đ„
Next catalyst: Fed minutes Wednesday, CPI Oct 14.
Weak jobs = bullish pivot fuel or recession fear? Are you longing the minutes or waiting? đ
September jobs: only ~29K added, unemployment up to 4.2%. Odds of another 0.25pt hike on Oct 28 dropped to ~18-20% (CME FedWatch), from ~70% a week ago.
Meanwhile $BTC chops near $85.6K and $172M in leveraged positions got wiped in 24h ($101M longs, $71M shorts). đ„
Next catalyst: Fed minutes Wednesday, CPI Oct 14.
Weak jobs = bullish pivot fuel or recession fear? Are you longing the minutes or waiting? đ