🇺🇸 U.S. unemployment moved up from 4.4% to 4.6%, missing expectations and reaching its highest level since November ’21.

Sometimes bad news can still be good news.

It marginally increases the odds of another rate cut.

That’s bullish for scarce assets, more liquidity tends to support bull cycles in assets like $BTC .

Short term? Volatility and uncertainty may rise as recession concerns resurface.