Watch this before CPI!!

12 Jul 2023 · 1 min

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In this video, The Art of Crypto explains that Bitcoin’s near‑term direction is uncertain, but a recent ADP employment report showing roughly 500,000 private‑sector jobs added in June—far above expectations—has pushed Treasury yields higher. The higher yields suggest the Federal Reserve may keep raising rates, entering a phase of quantitative tightening that pulls money out of markets, makes borrowing costlier, and encourages defensive behavior. The presenter interprets these macro‑economic signals as a bearish indicator for Bitcoin, warning viewers that a price decline could be imminent despite ambiguous current price action.

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Bitcoin, and there is a chance this week that we might start heading down. There is only really one confirmation that I have for this to happen. It doesn't really have much to do with price action because right now price action is unclear as to whether Bitcoin is going to dump or not. So we have to look at this piece of information to make our decision. So basically, an ADP report revealed a significant addition of almost 500,000 private sector jobs in June, which was more than double the expected amount. This increase led to a rise in Treasury yields, suggesting that the Federal Reserve might continue its rate hike campaign. Essentially, when the Fed is hiking the rates, it's called quantitative tightening. As that name would suggest, it means that the economy is essentially getting tightened. Money is flowing out of the markets, people are more defensive, loans get more expensive, whatever. All you need to know is that this is a bearish sign.