US Treasury Secretary Janet Yellen has said that the US economy is healthy and there are no signs of a recession.The crypto market has made slight gains, with all the top-ten cryptos trading in the green at press time though they fell short of reaching their weekly highs.Yellen said that she did not see “red lights flashing” and that the jobs data was a sign of a soft landing, not a recession.
“Bad Gurl Yellen is watching, if markets go down more she will definitely pump up the jam by printing more money,” Hayes Buying pressure also remains low as seen in the Chaikin Money Flow indicator, which was negative at press time. This index continues to create lower lows and it is currently at the lowest level since June on the four-hour chart.The prevailing bearish sentiment was also seen in the On Balance Volume , which remains predominantly negative. This trend shows market weakness as selling volumes dominate, exerting downward pressure on BTC prices.
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