The unemployment rate in the US rose to 4.3%, the highest level since October 2021.

- Bank of America now predicts that the Federal Reserve will cut interest rates twice this year.

- CME currently shows a 100% chance that the FED will lower interest rates in the September meeting.

Generally, news like FOMC, unemployment, inflation (CPI) is not too important, having little impact on the market; the most important news is the interest rate cut that ignites the bullish cycle.

There is a very high possibility that in September the interest rate will be reduced by 0.25%, so the market will liquidate many Long positions before being pushed up, so be cautious with good entries, and consider taking profits with bad entries. ✅ How about you all? I longed at 208 and held until 166, it was a bit foolish but just a reminder for everyone $SOL