#UnemploymentRate

US Jan. Unemployment rate and employment report data will be released soon:

👉 Unemployment slightly above expectations, employment report in-line/slightly below: Bullish, strengthens rate cut case
👉 Unemployment slightly high, employment report beats: Not bullish but not bearish either
👉 Unemployment far above, employment report far below: Bearish, may trigger recession fears
👉 Unemployment below expected, employment report in-line/slightly below: Mildly bullish
👉 Unemployment low, employment report high: Strong economy, weakens rate cut outlook

Traders largely expect no March rate cut, so tonight's data may have limited impact. $BTC likely to continue ranging between 92k-98k in coming weeks #dyor