๐จMacro Update: The latest US jobs data just completely shifted the market narrative.
Unemployment ticked up to 4.2% and payrolls severely missed expectations, coming in at just 29K vs the 90K predicted.
With October rate hike odds now plunging to just 17%, the pressure is off risk assets.
Keep a close eye on the charts over the next 48 hours. When macro tightening fears cool down, capital tends to rotate back into altcoins.
#FedOctoberRateHikeOddsFallTo17
$BTC
Unemployment ticked up to 4.2% and payrolls severely missed expectations, coming in at just 29K vs the 90K predicted.
With October rate hike odds now plunging to just 17%, the pressure is off risk assets.
Keep a close eye on the charts over the next 48 hours. When macro tightening fears cool down, capital tends to rotate back into altcoins.
#FedOctoberRateHikeOddsFallTo17
$BTC