The U.S. 🇺🇸 labor market shows robust. After this data was released, the BTC(Bitcoin) price temporarily fell, and recovered. It's been consolidating for 3 weeks 😮💨
The next BTC 4th halving date is around 2 weeks left. I think this consolidation would be lasted more than expected.
The forecast of the U.S. CPI(Consumer Price Index) YoY(Year of Year) is 3.4%. It's scheduled to release within 4 days.
Market participants anticipate that the first federal funds rate cut will start after July, 2024. If spot BTC ETF(Exchange-Traded Fund)s are simultaneously approved in Hong Kong 🇭🇰 this period, it would be good for the crypto market.
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