Public trading strategy
Weak jobs report kills rate hike fears — Bitcoin and crypto primed for a bounce
Thesis
The June jobs report was shockingly weak, which forced the market to abandon expectations of a Fed rate hike. As a result, the dollar is on track for its biggest weekly drop in months. A weaker dollar historically pushes investors toward alternative assets, and Bitcoin has already responded by holding firm above $61,000 while avoiding further downside. With the dollar dropping and rate hike fears fading, this macro setup creates a favorable window for risk assets like Bitcoin to recover.
Strategy approach
Build a rule-based strategy that enters long BTCUSD on D1 when the U.S. Dollar Index (DXY) makes a 10-day low and BTCUSD is trending above its 50-day moving average. Exit if DXY makes a 5-day high or if BTCUSD drops 8% from entry. Max hold 21 days.