$BTC 📢 We are looking forward to the most important economic news today
🔹 US Unemployment Claims
Forecast: 226K | Previous: 224K
Increasing number = slowdown in the labor market = support for cryptocurrencies 📈
Decreasing number = strength in the labor market = pressure on cryptocurrencies 📉
🔹 Manufacturing and Services PMI
Manufacturing: 49.7 (below 50 means contraction)
Services: 54.2 (slight slowdown expected)
Weak numbers = support for cryptocurrencies
Strong numbers = pressure on cryptocurrencies
🔹 Home Sales and US Leading Indicator
Weak data = support for high-risk assets like cryptocurrencies 🚀
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📊 Summary:
Higher unemployment numbers or weaker economic activity means more liquidity that may flow into cryptocurrencies 🌐.