The U.S. non-farm payrolls added only 183,000 jobs in September (expected 200,000), the unemployment rate rose to 3.9%, and hourly wage growth slowed, highlighting a weakening momentum in the U.S. economy.
The market immediately bets that the Federal Reserve will delay interest rate hikes or turn to rate cuts sooner, with risk assets supported by expectations of liquidity easing, driving Bitcoin higher in the short term.
After the non-farm payrolls were released, Bitcoin quickly surged by 4%, breaking through the key resistance of $116,000 on the daily chart (the original downtrend line), reac
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