Today, the U.S. labor market's Nonfarm Payroll report delivered a surprising result, far surpassing expectations. None of the TOP-10 largest U.S. investment banks predicted this outcome.

While the consensus estimate was 147K, the actual increase in non-agricultural jobs hit 254K — a significant figure that may shift market sentiment. This stronger-than-expected data suggests that hopes for a 0.5% interest rate cut by the Federal Reserve are now off the table.

✔️ The current market rally seems driven by emotion. Investors may be encouraged by the labor market’s strength and the overall economic resilience. However, with the Dollar Index spiking nearly 1% in just 15 minutes and cryptocurrencies rallying, it raises concerns of a potential stop-loss hunt.

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