
Post
Mr. Fareed Ahmad đ
đ Don't Look Only at July NFP
The headline number is already shocking:
July NFP: -23K
But there's another number traders shouldn't ignore:
Previous payrolls were revised down by 103K.
That's important because it changes the story from:
âJuly was unexpectedly weakâ
to:
âThe labor market may have been weaker than previously believed.â
Unemployment fell slightly to 4.1%, but participation also declined to around 61.4%, so that headline improvement deserves context.
For $BTC and $ETH, I'm watching what happens next in:
âą Treasury yields
âą USD
âą Fed expectations
âą Equity futures
âą Crypto positioning
The first headline creates volatility.
The revisions often change the bigger picture.
$BTC $ETH #NFP #Macro #FederalReserve #CryptoTrading$BTC $ETH #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000
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