165,000 new jobs just rewrote December — and $BTC is the one paying for it.
October payrolls printed nearly triple the 65,000 expected, unemployment dipped to 4.1%, and wages rose 0.4%. Within hours, December hike odds jumped to around 80%, and the 10-year yield pushed to 4.89%.
$BTC is holding near $75,912, flat on the day, but only after dipping to $74,790 on Friday — its lowest since late August — while over $1.27B in leveraged positions got wiped out, mostly longs. $ETH is steadier near $2,245, up 0.3%.
The line I'm watching is $75,000: hold it and a steadying toward $80,000 stays on the table; lose it and $73,000, then the $70,000 zone, come into view fast. October CPI on Nov 10 is the next test either way. Are you treating this as a hawkish dip to watch, or the start of a deeper de-risking — and what level flips your view?
#jobsreportraiseshikeodds #CryptoMarket #BinanceSquare
October payrolls printed nearly triple the 65,000 expected, unemployment dipped to 4.1%, and wages rose 0.4%. Within hours, December hike odds jumped to around 80%, and the 10-year yield pushed to 4.89%.
$BTC is holding near $75,912, flat on the day, but only after dipping to $74,790 on Friday — its lowest since late August — while over $1.27B in leveraged positions got wiped out, mostly longs. $ETH is steadier near $2,245, up 0.3%.
The line I'm watching is $75,000: hold it and a steadying toward $80,000 stays on the table; lose it and $73,000, then the $70,000 zone, come into view fast. October CPI on Nov 10 is the next test either way. Are you treating this as a hawkish dip to watch, or the start of a deeper de-risking — and what level flips your view?
#jobsreportraiseshikeodds #CryptoMarket #BinanceSquare