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♦️ NFP Was Weak. Now Watch ETH. The July jobs report came in at -23K, far below expectations. Unemployment was 4.1% and wage growth slowed to 3.2%. The macro backdrop could become more supportive for risk assets if markets increasingly price in easier monetary policy. But here's what interests me: ETH is currently showing stronger momentum than BTC. Saturday market data had BTC near $65K while ETH was around $1,915. So rather than simply asking: “Is crypto bullish?” I'm asking: “Where is the relative strength?” If ETH continues outperforming BTC while macro conditions become more supportive, that could signal increasing appetite for higher-beta crypto exposure. Still watching confirmation. $ETH $BTC #Ethereum #Bitcoin #ETHBTC #NFP #CryptoTrading $BTC $ETH #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000