🚨 Fundamental Analysis: $BTC Current Situation 🔥🚨
As you all know, 12 hours ago we provided you with a short trade, and $BTC has dropped exactly as expected. Now let’s discuss the reasons behind this decline:
📉 Job Openings Rate (US)
The rate of job openings in the US has significantly decreased, meaning the availability of jobs is much lower this time around.
💵 50 Basis Point Interest Rate Cut
There’s talk of a potential 50 basis point interest rate cut, which could put pressure on the dollar.
📊 ADP Non-Farm Employment Data
The ADP non-farm employment report is set to be released soon. If the numbers come in lower, the market could experience even more severe bleeding.
All of these factors have contributed to today’s crash. We want you to learn and understand how the market operates. We won’t be posting any signals today due to the uncertain market conditions. Remember, protecting your capital is your responsibility – use it wisely.
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