NFP slightly bearish but unemployment as expected. Since the market was expecting worse, we might see a bit of a recovery
U.S NONFARM PAYROLLS (AUG) ACTUAL: 142K VS 114K PREVIOUS; EST 165K
U.S UNEMPLOYMENT RATE (AUG) ACTUAL: 4.2% VS 4.3% PREVIOUS; EST 4.2%
In traditional markets, September tends to be the weakest month in terms of performance, especially during election years. Accumulation typically starts in October, with a rally kicking off in November. Bitcoin follows a similar pattern, with an average gain of +22.9% in October.
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