🚨 ¡#BITCOIN ON FIRE! 🚀 CATCH THE SHORTS WITH A SPIKE TO $108K AS US EMPLOYMENT CRASHES! WILL THE FED LOWER RATES? THE PERFECT STORM FOR BULLS IS COMING! 🐂💥
📢 Bitcoin (#BTC ) has unleashed chaos on Wall Street, skyrocketing to $108,000 in an explosive move that has trapped short positions! 💥 What’s the cause? Some surprisingly disastrous employment data in the US, with a decrease of 33,000 jobs in June, the largest since March 2023! 📉
This weakness in the labor market is fueling the hopes of the bulls: a weak economy could force the Federal Reserve to cut interest rates sooner rather than later! 💸 This would translate into a massive injection of liquidity for Bitcoin, altcoins, and all risk assets. Andre Dragosch from Bitwise already sees it coming: "Fed rate cuts are becoming increasingly likely in July..."! 🚀
Meanwhile, traders are watching as $BTC liquidates a giant cloud of short positions, with $108,000 acting as a "magnet" for the price. This "liquidity capture" is making the bears pay the price! 💸 Although $108,000 remains a local resistance, the prospect of new all-time highs in July is getting stronger! 🔥
🤔 Do you think this spike is the beginning of an unstoppable bull run towards new all-time highs? 👇💬
