🔥 A KEY WEEK for #Bitcoin and the markets! Dates, data, and their potential impact 📊🚀
This week is no ordinary week.
Crucial economic data is being released that could move not only #Bitcoin, but the ENTIRE financial market.
Here's the summary with dates, times (ARG), and the potential impact of each:
🔵 MONDAY
• ISM Manufacturing PMI – 11:00 AM
→ Expected 49.3 vs. 48.7
→ If it exceeds expectations = positive for the market
• Jerome Powell's remarks – 2:00 PM
→ Any sign of rate cuts will be a bullish bomb 💣
🟠 TUESDAY
• JOLTS (job openings) – 11:00 AM
→ Expected 7.1M vs. 7.192M
→ If it falls too much = fear of recession, but pressure to lower rates
🟡 WEDNESDAY
• ADP Private Employment – 9:15 AM
→ Expected 110K vs. 62K
• Services PMI – 10:45 AM
→ Expected 52.3 vs. 50.8
• ISM Non-Manufacturing PMI – 11:00
→ Expected 52.0 vs. 51.6
📌 PMI has a HIGH correlation with Bitcoin. If they come in strong, they boost the market.
🟢 THURSDAY
• Unemployment Claims – 9:30
→ Expected 232,000 vs. 240,000
→ Lower number = strong labor market = less fear of recession
🔴 FRIDAY
• Average Hourly Earnings – 9:30
→ Expected +0.3% vs. 0.2%
• Non-Farm Payrolls – 9:30
→ Expected 130,000 vs. 177,000
• Unemployment Rate – 9:30
→ Holds at 4.2%
📌 This data combination can determine the market's direction.
🎯 Why does this matter for #Bitcoin?
Because if the Fed senses economic weakness, it could lower rates prematurely = a direct boost to the crypto market 🚀
