💰 JOBS DATA VS. $BTC: Why Strong Jobs Are BAD News for a Rate Cut! 📉
Review: Last NFP showed the labor market is still stronger than many hoped. (e.g., September NFP was 119K, beating forecast of 53K).
Impact: A robust job market gives the Fed NO reason to cut rates soon. This means 'Higher for Longer' for interest rates, pressuring $BTC.
Forecast: We need to see weaker Jobs Data (fewer new jobs) in the next report to revive major Rate Cut hopes and give $BTC a clear bullish catalyst.
