🚨 LAST MINUTE: Unemployment benefit claims in the U.S. at 208,000.
The labor market is showing signs of cooling down.
Data: * 208,000 claims recorded (+4.5% compared to the 199k from last week).
How to interpret it?
We are in the "neutral" economic zone: the number is high enough to prompt the Fed to pause rate hikes, but not high enough to predict a recession. The economy is not "overheated".
React in crypto🚀
Bias: Neutral-Bullish.
Reading: Less dollar pressure = Higher appetite for Bitcoin.
Context: The narrative of $BTC as a reserve asset amid a potential pause in restrictive monetary policy is strengthening.
In summary: Positive news for the medium term. Capital seeks risk when the dollar loses momentum.
Will we see Bitcoin break through resistance thanks to this data? Leave your prediction below. 👇