The number of open vacancies on the JOLTS labor market in the US in April is slightly below the forecast. 8.059 million with a forecast of 8.370 million and the previous figure of 8.355 million.
This is sufficiently below the forecast to give a positive signal from the US Federal Reserve about the cooling of the labor market. BUT not too low so as not to give reason to talk about a recession. Moreover, against the backdrop of the volume of industrial orders within the forecasts.
This is positive for the crypto market. But the#BTCrate has been growing even without this data in the last hour and a half - it has broken through the local downward trend since May 21 and the level of $69,000, the importance of which we wrote about in the daily review.
The price is again preparing to “storm” the $70,000 level and the downward trend from the current ATH on March 14. Another squeeze, the second in two days. And there are still many arguments for a breakout and consolidation above.
