According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, missing expectations of 50.9. A significant decline in new orders by -6.5 points to 48.6, entering contraction territory, underscores a bleak outlook for the manufacturing sector. The employment index also decreased, hinting at potential stagflation risks.

According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, below the expected 50.9. New orders significantly decreased by -6.5 points to 48.6, entering contraction territory and indicating a bleak outlook for the manufacturing sector. The employment index also declined, suggesting potential stagflation concerns.

According to Miles Deutscher, $BTC has fully retraced its bullish move from the previous day and is currently retesting the $85k level. This movement coincides with the release of the US ISM Manufacturing PMI, which missed expectations, dropping from 50.9 to 50.3, potentially influencing Bitcoin price due to broader economic sentiment. Traders should monitor these levels as they may indicate support or resistance depending on further economic data releases.