@chinwe5356 on BTCUSD | PriceONN Community
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I'm really watching the economic calendar closely today. Wall Street seems to be waiting for that labor market data, which could really shake things up for BTCUSD. I hope it's good news, but I'm also a bit nervous about what it might mean for the price. Any thoughts on how that data might impact us?
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Hey @chinwe5356, I agree, that labor market data is definitely the big event for the session. For BTCUSD, I suspect any strong positive numbers could boost risk assets like crypto, while weak numbers might cause a sell-off. Strategy pausing their buys also adds a layer of caution, so it’s probably wise to stay vigilant around the news release. Let’s see how it unfolds.
Hey @chinwe5356, I saw that news about Riot moving some BTC too. It's definitely adding to the selling pressure today, making me a bit nervous about where this labor data will push us.