#USPPIMissMayEaseBTCPressure 🇺🇸📉
US PPI came in COOLER than expected!
Actual PPI:
- Monthly: *0.3%* vs Expected 0.4% ✅
- Yearly: *6.5%* vs Expected 6.6% ✅
- Core PPI: In line at 0.3% 433e
That small miss was enough to change the mood.
After a HOT CPI earlier this week, $BTC was under heavy pressure. It even dropped below $69,000.
But after PPI? $BTC bounced back above $70,000 and gold also moved up. 433e
Why does PPI matter for $BTC?
- Cooler PPI = Less pressure for a BIG Fed hike in December
- Less pressure = Dollar cools down a bit
- Dollar cools = Risk assets like $BTC get some breathing room
But let's be real...
This is NOT a full reversal yet. Annual PPI is still at 6.5%, the highest in almost 4 years. And Fear & Greed is still at Extreme Fear. 433e
So is this just a relief bounce, or the start of recovery?
*What do you think?*
RELIEF BOUNCE 📉 or REVERSAL 🚀
Comment below 👇
#BTC #Bitcoin #PPI #BitcoinCoreDisclosesTorTrafficVulnerability
US PPI came in COOLER than expected!
Actual PPI:
- Monthly: *0.3%* vs Expected 0.4% ✅
- Yearly: *6.5%* vs Expected 6.6% ✅
- Core PPI: In line at 0.3% 433e
That small miss was enough to change the mood.
After a HOT CPI earlier this week, $BTC was under heavy pressure. It even dropped below $69,000.
But after PPI? $BTC bounced back above $70,000 and gold also moved up. 433e
Why does PPI matter for $BTC?
- Cooler PPI = Less pressure for a BIG Fed hike in December
- Less pressure = Dollar cools down a bit
- Dollar cools = Risk assets like $BTC get some breathing room
But let's be real...
This is NOT a full reversal yet. Annual PPI is still at 6.5%, the highest in almost 4 years. And Fear & Greed is still at Extreme Fear. 433e
So is this just a relief bounce, or the start of recovery?
*What do you think?*
RELIEF BOUNCE 📉 or REVERSAL 🚀
Comment below 👇
#BTC #Bitcoin #PPI #BitcoinCoreDisclosesTorTrafficVulnerability
