THE REAL BOTTOM MAY BE A MACRO STORY, NOT A CHART PATTERN!
$BTC traders are facing a difficult mix: October payrolls added 165,000 jobs, beating the 65,000 forecast, while unemployment slipped to 4.1%. Strong hiring can support the economy, but it may also give the Fed room to keep rates higher. Watch inflation, Treasury yields and liquidity before calling a bottom. Is the market pricing in enough risk?
$BTC traders are facing a difficult mix: October payrolls added 165,000 jobs, beating the 65,000 forecast, while unemployment slipped to 4.1%. Strong hiring can support the economy, but it may also give the Fed room to keep rates higher. Watch inflation, Treasury yields and liquidity before calling a bottom. Is the market pricing in enough risk?