🚨 BREAKING: US Jobs Report Just Shocked The Market — 162K Vs 55K Expected $USELESS
The US just released August NFP and the number is MUCH hotter than expected.
NFP came in at +162K vs +55K expected. Unemployment stayed at 4.1%, while average hourly earnings rose 0.3% MoM and 3.1% YoY. July was also revised from -23K to +21K.
And $BTC has already reacted. BTC dropped from around $81K to near $79K just after the data. But don't assume the first dump is the entire move.
BTC can still recover toward $80K or higher to collect upper liquidity, then face another rejection and potentially dump harder. So the next recovery needs to be watched carefully.
Guys, for now forget my earlier BTC long call. Don't blindly hold or enter just because BTC starts recovering.
Also forget my $ZEC call from earlier today. After this data and ZEC's huge pump, I don't want anyone blindly trading that setup.
Yesterday, US spot BTC ETFs saw around $731M in net inflows. If today's macro shock changes sentiment, similar outflows could follow in the next sessions, so stay careful.
✅ My Take: For now, don't trade today just because the chart is moving. Let the NFP volatility settle and wait for my new confirmation. The current structure can still produce a recovery toward $80K to collect liquidity before another downside move.
Capital protection first. Setup later.
The US just released August NFP and the number is MUCH hotter than expected.
NFP came in at +162K vs +55K expected. Unemployment stayed at 4.1%, while average hourly earnings rose 0.3% MoM and 3.1% YoY. July was also revised from -23K to +21K.
And $BTC has already reacted. BTC dropped from around $81K to near $79K just after the data. But don't assume the first dump is the entire move.
BTC can still recover toward $80K or higher to collect upper liquidity, then face another rejection and potentially dump harder. So the next recovery needs to be watched carefully.
Guys, for now forget my earlier BTC long call. Don't blindly hold or enter just because BTC starts recovering.
Also forget my $ZEC call from earlier today. After this data and ZEC's huge pump, I don't want anyone blindly trading that setup.
Yesterday, US spot BTC ETFs saw around $731M in net inflows. If today's macro shock changes sentiment, similar outflows could follow in the next sessions, so stay careful.
✅ My Take: For now, don't trade today just because the chart is moving. Let the NFP volatility settle and wait for my new confirmation. The current structure can still produce a recovery toward $80K to collect liquidity before another downside move.
Capital protection first. Setup later.
