📉 Bitcoin and 'hot' news from the labor market: cooling hopes
Bitcoin is once again in 'psychotherapist' mode: it first soared to $110,300 - and then immediately got scared of the strong U.S. economy. 🤷♂️
The unexpectedly strong employment data made the markets remember: a strong labor market = a strong dollar = 'no rate cuts in July'.
🎯 Now, it's important for BTC to hold $108K, otherwise instead of $112K–$120K, we will head straight into 'disappointment'.
ETH, by the way, behaved modestly — it didn't reach for the stars, but it also didn't fall into panic. Meanwhile, SOL decided that all this doesn't concern it at all — up 3.1% for the day. A girl with character.
👔 The Fed is taking a pause, the market is making bets, and traders are taking sedatives.
For now, September is the new July, but as they say: 'It’s not a pivot until Powell cries.'
