The U.S. unemployment rate is less than expected.
The U.S. 🇺🇸 labor market shows robust. After this data was released, the BTC(Bitcoin) price temporarily fell, and recovered. It's been consolidating for 3 weeks 😮💨
The next BTC 4th halving date is around 2 weeks left. I think this consolidation would be lasted more than expected.
The forecast of the U.S. CPI(Consumer Price Index) YoY(Year of Year) is 3.4%. It's scheduled to release within 4 days.
Market participants anticipate that the first federal funds rate cut will start after July, 2024. If spot BTC ETF(Exchange-Traded Fund)s are simultaneously approved in Hong Kong 🇭🇰 this period, it would be good for the crypto market.
This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex
Congratulations, your post has been upvoted by @nixiee with a 22.788841671228766 % upvote Vote may not be displayed on Steemit due to the current Steemit API issue, but there is a normal upvote record in the blockchain data, so don't worry.