⏰ Important reminder: In about two and a half hours, economic data will be released.
🔹 Non-farm payrolls forecast: 66K (previous 50K)
🔹 Unemployment rate: 4.4% (previous 4.4%)
If the numbers come in lower than expectations ➝ this indicates weakness in the economy ➝ it may prompt the Fed to consider lowering interest rates in the future ➝ and this is positive for crypto.
On the other hand, if the numbers are higher than expectations ➝ the economy is strong ➝ no need to lower interest rates ➝ pressure on the markets and crypto.
The more surprising the results are, the greater their impact.
Currently, the market expects the Fed to maintain interest rates next month, which is putting pressure on crypto. Let's closely monitor the numbers 👀📊
