@sJackson88 on BTCUSD | PriceONN Community
Been watching some of the big macro channels this morning, and the consensus seems to be that the recent jobless claims dropping is a double-edged sword. Good for the economy on one hand, but could mean the Fed holds off on rate cuts, which isn't ideal for risk assets like BTC. I'm keeping an eye on the 200 SMA on the daily chart, it's been acting as a pretty solid resistance zone lately. If we can't break through that, I'm expecting further downside.