source avatarMark The Ape

Share

U.S. unemployment data drops today at 8:30 AM ET. Previous: 4.1% Forecast: 4.1% For $BTC, the important trade is the surprise. Above 4.1% → weaker labor market, more room for Fed easing → bullish risk assets. Below 4.1% → labor stays too strong, hawkish repricing → bearish BTC. 4.1% → probably chop first, then the market digs into the details. I’m watching the first liquidity sweep after the print

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.