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📉 Weak Jobs Data Changes the Fed Conversation The July NFP report delivered a huge downside surprise: -23K jobs vs. ~83K expected. Unemployment also came in at 4.1%, while earlier payroll figures were revised sharply lower. Wage growth slowed to 3.2% annually. That's important for markets. A softer labor market can increase expectations for easier monetary policy. And that matters for: 💵 USD 📈 Treasury yields 📊 Equities ₿ Bitcoin ♦️ Ethereum But I'm not blindly bullish. The key question is whether the market sees this as: “The Fed has more room to ease” or: “The economy is deteriorating too quickly.” Those are two very different narratives. For now, I would watch yields and the dollar alongside BTC/ETH rather than trading the NFP headline by itself. $BTC $ETH #Macro #NFP #CryptoTrading $BTC $ETH #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000