NFPCryptoImpact Bitcoin (BTC): Hovering near $92K, BTC is on shaky ground. A disappointing jobs number could spark a rally as traders anticipate less Fed tightening.
Ethereum (ETH): Sitting at $3,247, ETH might follow BTCโs lead, with potential for upside if the data is weak.
Altcoins: Watch out for higher volatility. Altcoins usually mirror BTCโs movements but with amplified reactions.
How to Trade the NFP Impact?
1. If the report beats expectations: Expect a dip in crypto prices as markets fear further rate hikes. It could be a chance to buy at lower levels.
2. If the report misses expectations: Crypto might rally as hopes for a more dovish Fed grow. Look for breakouts above key resistance levels.
๐ฎ My prediction? A weaker jobs report might ignite a crypto rally.
