$BTC

That’s higher than expected, meaning more people filed for jobless benefits than the market anticipated.

👀 This could signal a cooling labor market, which the Fed watches closely when deciding on rate policy.

➡️ Weak labor data → could push Fed closer to cuts 🪓

➡️ But short-term → expect volatility across USD, stocks, and crypto.

Traders, are you seeing this as bearish pressure or fuel for a relief rally?