Following CPI, September's US 🇺🇸 PPI inflation also came in hotter than expected, posting its biggest jump in 4 years. The market went deep red again, but bounced back just 30 minutes later:
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- US stocks closed in the green as money rotated into blue chips. The Dow rose 1.1%, while the S&P 500 and Nasdaq only edged up slightly
- BTC bounced back to $82K after a sweep down to $79K
- Gold didn't move much, holding firm at $4.1K
⠀
Today at 10:30 AM (UTC+7), Fed Chair Warsh will speak at the IMF Annual Meetings. After back-to-back hot inflation prints, the market is waiting to see what he'll reveal about where rates are headed.
⠀
👉 BTC keeps testing the $80K zone. If that level breaks, what's your move?
$BTC $ETH $ZEC
⠀
- US stocks closed in the green as money rotated into blue chips. The Dow rose 1.1%, while the S&P 500 and Nasdaq only edged up slightly
- BTC bounced back to $82K after a sweep down to $79K
- Gold didn't move much, holding firm at $4.1K
⠀
Today at 10:30 AM (UTC+7), Fed Chair Warsh will speak at the IMF Annual Meetings. After back-to-back hot inflation prints, the market is waiting to see what he'll reveal about where rates are headed.
⠀
👉 BTC keeps testing the $80K zone. If that level breaks, what's your move?
$BTC $ETH $ZEC