Weak jobs report kills rate-hike fears — Bitcoin breaks back above $60K on the n
Thesis
The June jobs report showed a sharp slowdown in hiring (only 57,000 jobs added), which rapidly cooled market expectations for a summer Fed rate hike. Lower interest rates are historically bullish for risk assets like Bitcoin, which had been suppressed by rate-hike fears. We are seeing this thesis confirm as Bitcoin rebounded above $61,000; notably, large long-term holders are accumulating even as ETFs see outflows. This combination of fading macro pressure and underlying demand creates a strong setup for a continuation upward.
Strategy approach
Build a trend-following strategy that enters long BTC-USD on the H4 timeframe when the price closes above its 50-period high and momentum (RSI > 50) is positive. Exit on a 15% trailing stop or if the price closes below the 200-period moving average. Set a max hold period of 21 days.