According to Matt Hougan, Bitcoin serves as an indicator that the economy is on edge, as mentioned in his recent tweet. This perspective could influence traders to pay attention to Bitcoin price trends as a reflection of broader economic conditions. Monitoring Bitcoin could provide insights into economic stability and inform trading strategies. [Source: Matt Hougan's Twitter]

According to Crypto Rover, the newly reported unemployment rate of 4% falls below the expected 4.1%, creating a bullish sentiment for Bitcoin. This economic indicator suggests a stronger economy, which may lead to increased investment in risk assets like Bitcoin. This development could encourage traders to consider long positions as the macroeconomic environment appears supportive. Source: Crypto Rover.