Binance AI challenged our analysis 😂 btw it was right in its position that according prediction of CME or Fed watch tool Unemployment forecast was around 4.2% ( no change )
while I predicted that it will decrease because of NFP or other things , and after 17:30 ( GMT +5) Unemployment data decreased 😂
As told in previous post that For short term newd have no impact on prices it give hints of HTF environment , until unless data is so surprised ,
Today data was slightly surprising or slightly bullish which support Short termanalysis that $BTC is moving toward 67k
while Unemployment support HTF analysis that Unemployment decrease means dollar increase or crypto market decrease
RSI Checker
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Today is Very important news DATA regarding JOB market which have direct impact on Dollar value and all assets like $BTC $XAUT $SPCX will trade against Dollar
so Whenever Dollar increase all market decrease
I believe news have no impact if it around Forecasted and According CME group NFP (non farm payroll will increase) means new jobs alloted in market while unemployment rate decrease
Unemployment Data is already explained detailed in below pic which is supporting my long term thesis that 57k isn't bottom of crypto
All Fundamental Dot hinting me that Dollar value will increase soon and this is HTF analysis
on short term it data isnt surprising so BTC and crypro market show some volatility and remain continue its channel of movement towards 67k
also see US interest rate Post ( tagged below for understanding whole scenario )
Today is Very important news DATA regarding JOB market which have direct impact on Dollar value and all assets like $BTC $XAUT $SPCX will trade against Dollar
so Whenever Dollar increase all market decrease
I believe news have no impact if it around Forecasted and According CME group NFP (non farm payroll will increase) means new jobs alloted in market while unemployment rate decrease
Unemployment Data is already explained detailed in below pic which is supporting my long term thesis that 57k isn't bottom of crypto
All Fundamental Dot hinting me that Dollar value will increase soon and this is HTF analysis
on short term it data isnt surprising so BTC and crypro market show some volatility and remain continue its channel of movement towards 67k
also see US interest rate Post ( tagged below for understanding whole scenario )