U.S. employment data is better than expected. There is a growth in jobs and also an improvement in wages. These data pushed markets back during trading on Thursday because they don't help destroy demand and control inflation. Investors are bracing for an interest rate hike by the Fed of 0.75% in September.

Currently, Bitcoin is above $23,100 and Ethereum is above $1,700. Bitcoin has been grazing the 200-day moving average for a few days. If he manages to close the week above $22,800, he would be above it again. The times that happened before meant the start of a bull market. Even so, it must be taken into account that Bitcoin has more fundamentals that affect it and the current macroeconomic context is so delicate that any unexpected event can change things.

It should also be borne in mind that Bitcoin has never lived with these circumstances since Bitcoin didn't live 2006/08 crisis. Now we enter into an undiscovered area. Ethereum seems to be prepared for The Merge and celebrate with a rise if it's successful. We will see if August keeps the trend of July and how September finally ends.

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