Just out: U.S. initial jobless claims at 196K, lower than the expected 207K, and the previous figure was 206K. The job market is even tougher than we thought! This feels a bit like handing a knife to the Fed Strong employment → Strong economic resilience → Limited room for Fed rate cuts/easing → BTC might face short-term pressure. Right now, it really feels like we're going through a tribulation—one moment it's inflation, then employment, then the Fed.