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Bitcoin vs. Jobless Claims: Is a Crypto Crash Incoming Tomorrow?

Bitcoin vs. Jobless Claims: Is a Crypto Crash Incoming Tomorrow?

Released weekly, usually on the first Thursday after the week endsthe U.S. Initial Jobless Claims data is released, providing a critical perspective for market analysis over the coming week. This indicator is particularly vital for traders holding long positions. Based on current forecasts, we expect a decrease in the number of unemployment claims this week. Typically, a lower-than-expected figure strengthens the U.S. Dollar (USD), which in turn exerts downward pressure on Bitcoin and the broader cryptocurrency market.

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Review of Last Week’s Impact on BTC and ETH: Reflecting on the previous data (as shown in the attached image), the actual figure was lower than the prior release. This reinforced the dollar's strength, leading to a visible correction across the crypto charts, specifically affecting Bitcoin (BTC) and Ethereum (ETH).

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What to Expect Next: We are now waiting for tomorrow's official release. We need to monitor whether the actual figure increases or decreases compared to the previous reading. This delta will provide us with a clearer directional bias for market movements in the upcoming week.

 

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Ari8824
Ari8824

Crypto enthusiast interested in AI and future technologies


Arioz pulse
Arioz pulse

Personal insights and predictions on Bitcoin and the Crypto market in uncertain times.

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