#USJobsData $BTC ¿A Headwind for BTC? 💼
We have seen Bitcoin retreat to $86K due to macro risk aversion. Now, new labor data from the U.S. gives us a rare and uncertain mix:
The country added 119K jobs in September, doubling expectations and suggesting a strong economy. But, at the same time, the unemployment rate jumped to 4.4%, indicating that the labor market may be softening.
Professional Analysis and the Connection to BTC:
This combo is the perfect dilemma for the Federal Reserve (FED).
- The Strength of Employment (119K): This data provides arguments for the FED to remain 'Hawkish' (aggressive or strict with rates). An economy that adds so many jobs does not need the FED to "help" it with cheap money. This puts downward pressure on risk assets like Bitcoin.
- The Increase in Unemployment (4.4%): This is the first real sign that cooling may be coming, which could justify a future more 'Dovish' (soft) approach from the FED.
Macro uncertainty is the dominant factor.
🤔 The Big Question:
Will the FED prioritize employment strength to continue fighting inflation, keeping pressure on crypto? Or will it focus on labor softening to justify a pause in its strict policy?
🚀 The market is confused. Do you think the FED will focus on unemployment (softening) or on the 119K jobs (maintaining pressure)? Share your prediction and the key BTC level to watch!
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