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🤗Extra!🤗Extra!: US nonfarm payroll data is out As soon as this data came out, I just laughed. Nonfarm payrolls in July decreased by 23,000, while the expectation was an increase of 80,000, so jobs directly contracted and turned negative. Looking at inflation still stuck high at 3.8%, this clearly means the economy is not doing well and prices are extremely high. What does this mean for $BTC? The underlying logic is definitely bearish. The Federal Reserve now dares not cut interest rates, fearing inflation will explode, nor dare to raise rates, fearing employment will collapse. In the end, they can only choose to hold high interest rates stubbornly, stop printing money, tighten liquidity, so $BTC, which relies on liquidity to rise, has to take a hit. But don’t panic in the short term: with bad data, the market first bets that the Fed won’t continue to be hawkish, so $BTC might not fall but rebound a bit. But this doesn’t change the essence—there’s no real easing, it’s just a show. Sigh! Be patient. I’m waiting to act only when $BTC is above 40,000. The rest of the time, just watch the show.#AIMemoryBullTest #FedHawksVsWeakJobs #SpaceXUnlockRebound