📈 Today, all eyes are on the Non-Farm Payrolls data at 15:30📈

Since #BTC is already reacting, it likely means the data will deviate significantly from expectations. The last time the Non-Farm Payrolls data was released, it turned the market into a bloodbath. We might be facing a similar scenario.

In the US, employment changes and wages have remained robust, continuing to be a key argument for those advocating that the #Fed could keep interest rates high for a longer period. Therefore, today's data release will significantly impact risk appetite.

Last month, the Non-Farm Payrolls ( #NFP ) came in at 272k, which was significantly outside the estimates, as has been the case for the past six data points. Looking at the behavior of other data points later on, they were always revised from the previous month.

Specifically for this data, there's an interesting situation. The standard deviation of the estimates is 21.69k, the lowest in recent months, whereas previous months had standard deviations reaching up to 40k. $BTC $PEPE