Good morning π
BTC just hit a 19-month low near $60K after last week's NFP came in way hotter than expected (172K jobs vs 85K forecast).
Markets are now pricing in a Fed rate HIKE by year end. Strong dollar = pain for risk assets.
BTC is bleeding. Gold got hit too β sitting around $4,327 β but Gold has real support at $4,300 and fundamentals are still bullish long term.
Here's the play:
BTC is a risk asset right now. It moves with the market. Until rate fear cools down, don't fight the trend.
Gold is the safer bet. Pullbacks are buy opportunities as long as $4,300 holds.
Smart money doesn't panic. It waits for the dust to settle and positions accordingly. π
Not financial advice. Manage your risk.
GoldSquadFX π