Post

📈 US Services PMI just came in at 58.7 Expected: 55.7 That's a full 3 points above forecast — and above the 56.5 line one trader flagged as the bullish threshold before the release Most people will read this as a straight risk-on signal and move on $BTC But strong services data cuts both ways — it also feeds the inflation narrative and shifts what the Fed does next For BTC, the knee-jerk reaction is up. Whether it holds depends on how the rates market digests it $ETH