Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Can a decreasing US trade deficit indicate problems for the potential Bitcoin rally?
Source: Yellow Original Title: Can a US trade deficit in decline signal problems for the possible Bitcoin rally?
Original Link: https://yellow.com/es/news/can-a-us-trade-deficit-in-decline-signal-problems-for-the-possible-bitcoin-rally Bitcoin continues testing the resistance zone of $93,500–$95,000 while the US trade deficit sharply decreases due to falling imports, not widespread strength in domestic demand, as the labor market enters a hiring pause marked by slower job creation and low unemployment.
What happened: the trade deficit shrinks
Recent US macro data point to an economy that is slowing down but has not yet fallen into clear weakness.
The trade deficit has decreased largely driven by a decline in imports, and although the improved balance may support overall growth in the short term, underlying factors suggest softer consumption ahead.
Job creation has slowed significantly while unemployment remains low, reflecting a “slow hiring, no layoffs” environment where companies retain workers but avoid expanding their payrolls.
Increased productivity allows companies to maintain output and margins with fewer hours worked, reinforcing expectations that the Federal Reserve will keep interest rates unchanged in the short term while remaining cautious about easing policy later in the year.
Why it matters: conflicting economic forces
Better trade figures mask potential pressures on transportation and logistics employment, along with risks for small businesses, suggesting that economic momentum is becoming more uneven beneath the surface.
Meanwhile, Bitcoin advances toward a dense supply zone defined by recent buyers at highs, with a cost basis roughly between $92,100 and $117,400.
As the price returns to this area, selling pressure at the equilibrium point is likely to increase, as holders who endured the decline seek to exit without losses, creating significant resistance above the price that suggests a further upward move will require sustained spot demand to absorb the distribution.