Hello crypto bros.
I made a post couple of days ago talking about the best time to invest in bitcoin and I mention that inflation still looks bad and we shouldn't expect the economy AND bitcoin price to get better anytime soon.

Today I want to make an update on the inflation and job reports.
The economy added 311k jobs which are way higher than expected. And it's bad for inflation cos we don't see softening in the labor market.

This is very important because it's another indicator that inflation is still pretty high and the next time when FED will be considering how high they should rise rates, they will be analyzing this report. It means that probably FED made a mistake and started FED pivot pretty early.

What does it mean for bitcoin?
I still stand by my words that until inflation won't get better -> FED will keep rising rates -> which will damage the economy and stock market -> bitcoin will suffer too.

So I still think that bitcoin will stay below 22k for a pretty long time and the signal that it will change will be much lower inflation and lowering of the interest rates.

Just wanted to give you this quick update, stay safe bros.