📊 ISM Services PMI surprises to the upside but the real trigger is still missing 👀

📈 Services PMI printed at 54.4, beating expectations (52.3) and marking the strongest reading since June.

This confirms one thing clearly: the U.S. economy is not breaking down.

⚠️ But for crypto cycles, Services PMI is not the key driver.

Services are consumer-focused and mostly domestic they don’t reflect global liquidity flows or trade cycles, which crypto reacts to the most.

🏭 Manufacturing PMI is what actually matters for Bitcoin & altcoins.

It remains below 50 at 47.9, still in contraction territory.

📚 Historically, when Manufacturing PMI reclaims 50+:

🔺 Bitcoin dominance peaks

🔄 Capital rotates into altcoins

🚀 Broader crypto bull phases begin

⏳ Until that happens, this data is supportive but not the bull trigger.

🧠 Bottom line:

The economy is holding up, downside risks are limited

but the real green light for a full crypto expansion hasn’t flashed yet.

👀 Still watching.

📊 Still waiting.

🚦 The moment Manufacturing PMI crosses 50, everything changes.