📌 US data is about to be released & Potential impact on BTC

Today the market is awaiting a series of important data at 19:15 – 19:30 (VN time):

• ADP Non-Farm Employment Change (Private non-farm employment change – August)

• Initial & continuing unemployment claims

• Non-farm productivity (Q2)

• Unit labor costs (Q2)

• Trade balance (July)

• Exports & imports of goods (July)

💡 Implications for Bitcoin and crypto:

• If employment & productivity are stronger than expected → the US economy is “hot”, Fed has reason to maintain a tight policy → USD rises, which may create short-term pressure on BTC.

• If employment & labor costs weaken, unemployment rises → expectations of the Fed cutting interest rates soon → risk money benefits, supporting BTC and Altcoin.

• Large trade deficit → pressure on USD, which may indirectly support alternative assets like gold & BTC.

⚡️ With the market strongly leaning towards the scenario of the Fed lowering interest rates in September, any signs of weakness in labor and trade could become a “catalyst” for BTC to surge.

👉 What do you think BTC will react after tonight's data?

#Bitcoin #CryptoNews #FOMC #USD