These two can be monitored:


Core impact on BTC
U.S. initial jobless claims for the week ending May 9th Previous value: 200k, forecast: 205k Data > forecast = employment weakens, market bets on increased probability of Fed rate cuts, bullish for BTC; Data < forecast = employment exceeds expectations, rate cut expectations cool down, bearish for BTC
U.S. retail sales month-over-month for April Previous value: 1.70%, forecast: 0.5% Data > forecast = strong consumption, resilient economy, increased probability of Fed maintaining high interest rates, bearish for BTC; Data < forecast = weak consumption, rate cut expectations rise, bullish for BTC
BTC-1.69%
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