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USJoblessClaimsNearTwo-YearLow
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📉 $BTC – Lower jobless claims = less pressure on the Fed to cut rates.
Initial claims just hit a near‑two‑year low, signaling a stronger labor market. For crypto, that usually means:
· Higher for longer interest rates
· Less liquidity flowing into risk assets
· Potential downside pressure on BTC and alts
Key levels to watch:
Support: $85,800
Resistance: $88,400
If we break below support with this macro backdrop, the next leg could be painful. Stay cautious, not euphoric.
Follow @mubeen336 for daily macro & crypto updates. 🔔
#bitcoin #CryptoMacro #FedPolicy #USJoblessClaimsNearTwo-YearLow
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