blockbuster June NFP report showed the U.S. economy added 206,000 jobs, slightly above forecasts, but previous months were revised down by a combined 111,000. The headline number suggests continued resilience, yet the downward revisions and a tick up in the unemployment rate to 4.1% signal a clear cooling trend. Crucially, wage growth slowed to 3.9% year-over-year, the softest reading in three years, providing the Federal Reserve with the evidence of moderating inflation pressures it likely needs to consider a rate cut as early as September. Markets interpreted the mixed data as dovish, reinforcing expectations for policy easing. $BTC $ETH
Markets are bracing for a potentially softer U.S. labor market as today's April Non-Farm Payrolls report is expected to show the economy added only 240,000 new jobs, a notable slowdown from March's 303,000. This moderation is seen by many as a necessary step for the Federal Reserve to consider lowering interest rates later this year. Additionally, wage growth📈 is forecast to cool slightly, which would be another welcome sign for policymakers in their fight against inflation. The report will be crucial in shaping the outlook for the U.S. economy and the Fed's next policy moves.$BTC $ETH
NFP report showed job growth slowed more than expected, with the U.S. economy adding 175,000 jobs in April, well below the forecast of 240,000. The unemployment rate ticked up to 3.9% from 3.8%, while wage growth also softened to 0.2% month-over-month, suggesting some easing in labor market tightness. Markets viewed the data as dovish for the Fed, increasing the likelihood that rate cuts may be considered sooner, prompting a notable rally in equities and a drop in Treasury yields.$BTC $ETH
$BTC Spot Bitcoin ETFs Approved – Massive players like BlackRock & Fidelity now offer Bitcoin funds to everyone through normal stock brokers. Billions are pouring in. The Halving is Days Away – Around April 20, 2024, the new Bitcoin supply to miners gets cut in half. Historically, this scarcity event sparks major price cycles. Bitcoin NFTs (“Ordinals”) Are Booming – People are inscribing images/data directly on Bitcoin, creating a new cultural and economic layer—and driving up transaction fees.
$ETH Price is stuck between $3,300** support and **$3,800 resistance. The trend is still up, but momentum is slowing . · For Bulls: Need a clear break and hold above $3,800** to target **$4,000+. · For Bears: A daily close below $3,300** could trigger a deeper pullback toward **$3,100.
· Bullish if it holds above $68K and breaks $70.5K → target $72.5K+. · Bearish if it loses $66K → expect pullback toward **$64K**. · Range-bound likely if stuck between $68K-$71.5K.
Action: Wait for clear break of $68K or $71K with volume. Use stop-losses. $BTC $ETH
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