Nonfarm Payrolls Explode, Rate Hike Dreams Shattered! Citigroup Shouts: October Rate Cut! Bitcoin to $200k?



Folks, the June nonfarm payrolls data is terrible—only 57k new jobs added, with the previous two months revised down by a combined 74k. Citigroup directly stated: “The case for a rate hike has disappeared.”

Oil prices are falling, rent is slowing, and even the core PCE calculation method is set to be revised, expected to be revised down by 20-30 basis points. Citigroup predicts no action in July and September, with the first 25-basis-point cut on October 28, followed by another 25-basis-point cut in December.

😏Here’s the question—while the market is still hesitating, smart money is already moving.

$BTC ‌ At the current price of around 62,636, the BOLL upper band is 63,310, the middle band is 62,875, and it’s hovering right around the middle band. RSI(6) is only 40.6, not yet overheated. $ETH ‌ More decisively, the BOLL lower band at 1,747 just held, with RSI(6) at 49.5 in the neutral zone.

Once a rate cut expectation is confirmed, loose liquidity will be the biggest fuel for the crypto market.

📌My view: The big picture hasn't changed, but short-term traders should watch two levels—BTC must not break below 62,400 effectively, and ETH at 1,747 is the last line of defense for bulls. Staying above, the bulls still have a chance; breaking below, wait for a better entry point.

How much of your position are you holding right now? Discuss in the comments 👇
#非农爆冷打压加息预期
BTC1.03%
ETH1.12%
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TalkingAboutMemeAsTheCoinMakes
· 12h ago
DYOR 🤓
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TalkingAboutMemeAsTheCoinMakes
· 12h ago
Go all-in 🤑
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TalkingAboutMemeAsTheCoinMakes
· 12h ago
Firmly HODL💎
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TalkingAboutMemeAsTheCoinMakes
· 12h ago
Get on board! 🚗
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TalkingAboutMemeAsTheCoinMakes
· 12h ago
Buy the dip 😎
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