📊 Weekly Bilan: When Bad News Became Good News for
$BTC 🚀
This week gave us a real lesson in how markets work 🧠
It started with inflation 🔥 PCE cooled to 3.4% and core PCE to 3.0%, both below expectations, while Q2 GDP was revised up to 2.2% 📈 The odds of another Fed hike in October fell sharply, from about 70% to under 40%. Still,
$BTC spiked to $85.6K and gave it all back within hours 😤 Treasury yields were sitting near 5.3%, their highest in decades, and that kept the pressure on.
Then came Friday 💥 The US added only 29K jobs in September versus 90K expected, unemployment rose to 4.2%, and previous months were revised down 📉 A weak economy usually scares people, but this time the market read it as "the Fed may pause" 🙏 Yields dropped, shorts got squeezed, and BTC jumped to about $87.2K, its strongest level since January 🚀
$XAU also bounced after a rough September 🥇
💡 My lesson of the week: I was leaning cautious after the PCE fade, and the market proved me wrong. The same data can be bullish or bearish depending on what the market fears at that moment, and right now it fears the Fed and yields more than weak data. Reading the data was not enough; I had to read the reaction 👀
📅 Next week: all eyes on yields, then the Fed meeting on Oct 27-28 and the next PCE on Oct 29 ⏳
Was Friday a squeeze or the start of something bigger? Vote below and tell me why in the comments 👇🔥
#Fed #NFP #PCE #WeeklyReview #Uptober