When the US economy coughs, the crypto market immediately has a fever! Initial jobless claims data exploded, and the Bitcoin bull market is about to start early!
The US job market can't hold up anymore!
The recently released data shows that the number of initial jobless claims in the US rose to 221,000 (expected 218,000), indicating that more people are looking for jobs, and the economy is cooling down. It's like your small shop's business is getting worse, and you have to lower prices to promote sales—right now, the Federal Reserve is that "shopkeeper," with the probability of a rate cut in September soaring to 94%!
Dragon Brother's analysis
Economic downturn = Federal Reserve will print money: the more money printed, the more popular Bitcoin, as an "anti-inflation" asset, becomes!
Dollar depreciation = Bitcoin appreciation: the weaker the dollar, the more capital will rush into BTC and ETH for hedging!
Institutions are secretly buying: for example, BlackRock's Bitcoin ETF, recent inflows have surged!
Dragon Brother's views + real cases
"Every time the Federal Reserve prints money, Bitcoin skyrockets!"
March 2020: The Federal Reserve's crazy interest rate cuts + money printing, BTC rose from $3,800 to $69,000!
October 2023: The market bets on interest rate cuts, BTC surged from $25,000 to $73,000!
This time the script might be more intense—because institutional funds are 10 times more than in the past!
What should retail investors do?
Don't wait for the "lowest point": once big institutions take action, prices soar instantly, and you won't be able to jump on board in time!
Don't buy altcoins randomly: only "institutionally certified" coins like BTC, ETH, and SOL are the safest!
Do you think Bitcoin at $68,000 is expensive? When the Federal Reserve actually lowers interest rates, you'll only be watching it break $100,000 with your eyes wide open!#就业报告
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