📌 Reminder: Important economic data today may affect the crypto market
Today, data on Average Hourly Earnings, Non-Farm Employment Change, and Unemployment Rate will be released.
These numbers give us signals about what the Fed might do regarding interest rates.
Currently, expectations lean towards not lowering interest rates next month, which is putting pressure on crypto. However, today's data has the potential to change the equation entirely.
Yesterday's drop to $BTC and other currencies may have been positioning ahead of the event. Be ready for all scenarios.
As usual, I will remind you and talk more about this topic hours before the data is released.
