The data in the image shows the number of job openings in the United States:

• Actual: 7.181 million

• Forecast: 7.380 million

• Previously: 7.357 million

➡️ This means the number of newly announced jobs is lower than both expectations and the previous period → the U.S. labor market is weakening.

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Impact on Bitcoin (BTC)

1. Impact on Fed's interest rate expectations

• A weakening labor market often leads the Fed to loosen monetary policy earlier (or slow down the rate of interest rate increases).

• Investors expect interest rates to decrease → USD weakens, capital flows towards risk assets (gold, securities, crypto).

2. Short-term impact

• This news is often viewed positively by the crypto market for BTC, as capital costs are lower and liquidity expectations increase.

• However, if the data is too bad → investors worry about recession, which may cause risk-off (liquidation of risk assets, BTC also faces pressure).

3. Scenario with BTC

• Positive (base case): BTC tends to be supported, with short-term price increases due to expectations that the Fed will cut interest rates soon.