Today’s U.S. jobs data gave us a number, but not a verdict.
The BLS reported 7.1 million job openings in August, little changed from July. Hires and layoffs also changed little.
Now I’m watching two releases: PCE inflation tomorrow and the September jobs report on Friday.
If inflation stays hot, expectations for higher rates could weigh on tech stocks and risk appetite. If hiring weakens sharply, concern could shift toward economic growth. BTC can react to those changing expectations, but neither report guarantees a move.
That’s why I follow macro alongside crypto: the connection runs through rates and risk appetite, not a simple price rule.
Which release would change your BTC outlook more this week—and what result would make you rethink it?
Sources: U.S. Bureau of Labor Statistics; Bureau of Economic Analysis.
#bitcoin #PCE #Macro
$BTC
The BLS reported 7.1 million job openings in August, little changed from July. Hires and layoffs also changed little.
Now I’m watching two releases: PCE inflation tomorrow and the September jobs report on Friday.
If inflation stays hot, expectations for higher rates could weigh on tech stocks and risk appetite. If hiring weakens sharply, concern could shift toward economic growth. BTC can react to those changing expectations, but neither report guarantees a move.
That’s why I follow macro alongside crypto: the connection runs through rates and risk appetite, not a simple price rule.
Which release would change your BTC outlook more this week—and what result would make you rethink it?
Sources: U.S. Bureau of Labor Statistics; Bureau of Economic Analysis.
#bitcoin #PCE #Macro
$BTC
