$BTC is heading into Friday with the August jobs report as the main catalyst. The market is still pricing a hawkish Fed, with September hike expectations sitting around two-thirds.
But there’s a conflict here: labor conditions have been cooling while rate expectations remain elevated. A strong NFP could lift yields and weigh on BTC, while a weak print could revive dovish expectations.
For me, the important part isn’t guessing the number. It’s how #BTC reacts once the data hits.
#BTC Price Analysis# #Altcoin Season#
But there’s a conflict here: labor conditions have been cooling while rate expectations remain elevated. A strong NFP could lift yields and weigh on BTC, while a weak print could revive dovish expectations.
For me, the important part isn’t guessing the number. It’s how #BTC reacts once the data hits.
#BTC Price Analysis# #Altcoin Season#

