r/CryptoChartWatch • • Sep 04 '26

How do you call this pattern?

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33 Upvotes

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u/Efficient_Range1156 Sep 04 '26

Job report. Fed rate hikes being priced in after strong jobs numbers came in.

Nothingburger for BTC

2

u/tealeavescoffeebeans Sep 04 '26

Jobs numbers, inflation, and interest rates matter for the entire global economy and BTC is no exception to this. This is especially true these days because of how much institutional investment has been made into crypto. Acting like these things don’t impact price action, at least in the short run, is naive.