Post
legend88
🚨 Bad jobs data doesn’t automatically mean BTC goes up. Don’t get trapped by the headline.
The US non-farm payrolls came in much weaker than expected, which significantly reduced expectations for an October rate hike.
But here’s the thing 👇
$BTC is still facing heavy selling pressure overhead, with plenty of sell orders sitting above. So I’m not trying to catch a falling knife here. I’d rather wait for a proper pullback and see how price reacts before considering a long.
#DailyOrbit
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
