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115,000 new jobs – nearly double the forecast of 62,000.
A paradox is unfolding: the U.S. economy is stronger than expected, yet Bitcoin's reaction was oddly "flat" at $80,200.
📈In fact, the market is in a state of "calculated waiting."
The job numbers beating expectations help dissipate immediate recession fears, accompanying a Risk-on sentiment.
However, few notice that this figure is still lower than March's 185,000, suggesting a subtle cooling is underway.
Looking at the big picture, the focus is not on the employment number, but on the name Kevin Warsh.
The Senate's move to confirm the new Fed Chair to replace Jerome Powell later this month is the largest variable.
Smart Money Flow: While the crowd is excited by the strong economy, smart money is watching the 10-year Treasury yield drop to 4.37%. They are asking: Will Warsh be a true "hawk" or continue the easing path to protect growth?
🦅The question is: Can Bitcoin hold this psychological level when the new Fed Chair's interest rate roadmap remains an unknown?
Do Your Own Research (DYOR). $BTC