🚨 PPI + JOBLESS CLAIMS IN 20 MINUTES
$BTC IS AT A VERY DECISIVE POINT ‼️‼️‼️‼️
Today we get US PPI + Jobless Claims together at 8:30 AM ET / 5:30 PM PKT. July PPI is officially scheduled for today at that time.
What the market is expecting:
• PPI MoM: 0.2%
• PPI YoY: 4.9% vs 5.5% previous
• Core PPI MoM: 0.3%
• Jobless Claims: 202K vs 199K previous
My expectation is still slightly on the PUMP side, but BTC is weak right now and sitting close to an important liquidity area, so a nasty wick before the real move is very possible.
🟢 PPI/Core below expectations + higher claims = bullish for BTC
🔴 Core PPI 0.4%+ + lower claims = bearish / dump risk
🟡 Numbers exactly as expected = expect manipulation first
Most important number for me: Core PPI.
BTC is already oversold on lower timeframes, so I would NOT blindly short here before the data.
Be ready . This data can move the whole crypto market very fast.
$XAU
$ETH
#USJulyCPI&PPIDueThisWeek
$BTC IS AT A VERY DECISIVE POINT ‼️‼️‼️‼️
Today we get US PPI + Jobless Claims together at 8:30 AM ET / 5:30 PM PKT. July PPI is officially scheduled for today at that time.
What the market is expecting:
• PPI MoM: 0.2%
• PPI YoY: 4.9% vs 5.5% previous
• Core PPI MoM: 0.3%
• Jobless Claims: 202K vs 199K previous
My expectation is still slightly on the PUMP side, but BTC is weak right now and sitting close to an important liquidity area, so a nasty wick before the real move is very possible.
🟢 PPI/Core below expectations + higher claims = bullish for BTC
🔴 Core PPI 0.4%+ + lower claims = bearish / dump risk
🟡 Numbers exactly as expected = expect manipulation first
Most important number for me: Core PPI.
BTC is already oversold on lower timeframes, so I would NOT blindly short here before the data.
Be ready . This data can move the whole crypto market very fast.
$XAU
$ETH
#USJulyCPI&PPIDueThisWeek