🚨 BREAKING:

🇺🇸 FED JUST RELEASED INITIAL JOBLESS CLAIMS:

Fed jobless claims came in higher than expected.

Expected: 222k

Actual: 227k

That means more people are filing for unemployment.

More job losses = weaker economy.

When the economy slows, investors get nervous and Risk assets like stocks and crypto $BTC usually feel it first

BTC

70,445.97

+0.91%

In the short term, this can bring pressure on $BTC , People move money into cash and safer assets

But there’s another side.

Weak jobs data increases the chance of rate cuts

Lower interest rates = more liquidity.

More liquidity = good for Bitcoin long term.

So short term Volatility and fear.

Long term Potential fuel for the next move up , This is why macro matters in crypto.

What do you think?

Bearish now or bullish later 👇