This is one of those days where macro literally sets the tone for the entire market
We just got 3 major economic reports from the US and the market is reacting
As a crypto trader you need to understand what these numbers mean not just in isolation but in terms of how they impact the risk-on environment we live in
So let’s break it all down:
▸ Unemployment Claims
• Actual: 222K
• Forecast: 222K
• Previous: 216K
This came in exactly as expected but slightly higher than the previous week It might seem small but even a slight uptick in jobless claims suggests a softening labor market
And a weaker labor market often leads to a weaker dollar which is bullish for crypto
Takeaway:
More jobless claims = softer USD = Bullish for BTC & ETH
▸ Core Durable Goods Orders (m/m)
• Actual: 0.0%
• Forecast: 0.3%
• Previous: 0.7%
This is where it gets interesting Core durable goods missed badly This metric strips out transportation and gives us a clearer view of business investment and long-term confidence
A flat number here vs. 0.3% expected shows a slowdown in spending and investment by businesses that’s not what a strong economy looks like
Takeaway:
Weak business spending = lower growth expectations = Very Bullish for Crypto
▸ Durable Goods Orders (m/m)
• Actual: 9.2%
• Forecast: 2.1%
• Previous: 0.9%
Okay this looks insane on the surface but zoom in - This spike is mostly due to big-ticket items like aircraft or defense-related orders
These are often oneoffs and don’t really reflect broader economic activity So while it technically beats expectations it’s not something the market usually reads as a sustainable trend
Takeaway:
Looks strong but not a major red flag Still, slightly Bearish for Crypto in the short term
Final Thoughts:
2 out of 3 reports are signaling weakness —Slowing business investment and softening labor data both point to a cooling US economy
And that’s usually good for risk assets like crypto especially if the Fed takes a more dovish stance in response
So yeah, the overall picture?
Bias: BULLISH for BTC & ETH
This is one of those moments where dips should be welcomed - Don’t let short-term noise distract you the macro backdrop is shifting in favor of crypto
Let’s see how the weekend candles close — but I’m watching for volatility and possibly some big upside
#BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #CryptoMarketCapBackTo$3T #BinanceHODLerHYPER