This has nothing to do with Crypto anymore.

This is about the US economy concerns.

Please do this.

Get tradingview app or on PC, its free.

Add to watchlist,

SP500, XAU/USD (Gold) , DXY (Dollar strength)

Monitor these 3 things, they will give you a very basic understanding of market sentiment.

This is general Macro data but it can help you decide how crypto will be viewed by large holders, Crypto is "Risk on"

After high impact news, (Also applies to overall market sentiment)

- If the S&P500 is going up after news it means the market is pricing in an interest rate cut. (And the risk sentiment is low)

- If Gold price is going up it means large holders are moving funds to more risk off.

- If DXY is going up it means an interest rate cut is less likely.

If, like we see today, these are all fluctuating up and down without any clear signal it is because the market is confused.

The market is confused because we have reached a point where this data now has a more worrying possibility.

Normally this data is read as,

A - An interest rate cut is more likely(pro crypto, pro S&P500)

B - An interest rate cut is less likely(Pro DXY)

Now we have option C,

C - An interest rate cut is needed because the US economy is about to go into recession and the labour market is about to collapse (likely to little to late)

When these markets react in contradictory ways(around news) it is because option C is becoming more likely.

I have included charts (15 minute) to show the price reaction on S&P500, Gold, DXY after todays news(The blue vertical line), notice the price has moved drastically in all directions, on all charts, this shows widespread uncertainty.

Also note this is a basic understanding of what each of these can signal, it is just one of many tools to use as a crypto trader to help you make better and more informed decisions, these will not help you alone, you need to use them with other macro information and technical analysis.

Peace.

#TheWolfThatWins #US_Job_Market_Slowdown #CPIAlert #Market_Update