Shock waves are hitting the charts as the latest U.S. labor data just dropped, and it’s a total game-changer! 📉
The market was bracing for impact, but the numbers tell a different story: 130K jobs added and unemployment dipping to 4.3%. This "too good" news is actually a double-edged sword for crypto. While the economy looks resilient, it gives the Fed a green light to keep interest rates higher for longer, putting immediate pressure on $BTC .
We are seeing a classic "risk-off" reaction as the dollar flexes its muscles. If you’re trading the volatility, keep your eyes on the $70,000 resistance level. The narrative is shifting from "recession fears" to "tight liquidity," and only the strongest hands will prevail in this sideways chop.
Are you hedging your bets or buying the dip before the next leg up? Let's talk strategy! 👇
