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BTC is already backing down—and NFP hasn’t even dropped yet. 👀 So what’s the market scared of? It feels like traders are paying the “protection money” before the data even arrives. JOLTS job openings are still around 7.3M, so the U.S. labor market clearly hasn’t collapsed. But the previous NFP report was revised lower by a combined 103K for May and June. So the picture isn’t exactly strong either. #DailyOrbit .