According to @KookCapitalLLC, the latest payrolls report posted a significant miss, with previous numbers also revised downward. This weaker-than-expected labor data increases the likelihood of a Federal Reserve rate cut in September, creating bullish sentiment for risk assets. The market is expected to remain buoyant leading up to the September Fed meeting, making Bitcoin (BTC) an attractive buy for traders seeking to capitalize on this trend. Source: @KookCapitalLLC.

According to @KookCapitalLLC, the initial market move is typically a fakeout, with markets expected to trend higher leading into the September Federal Reserve meeting where a rate cut is anticipated. The expectation that investors will attempt to front-run the rate cut by buying ahead of time suggests upward momentum in both equities and cryptocurrency markets. Traders should monitor market sentiment and volume as the September meeting approaches, as this dynamic could create bullish opportunities for BTC, ETH, and related crypto assets. Source: @KookCapitalLLC