Today the US releases PCE inflation, the number the Fed actually watches.
Quick context, because this matters for every asset you hold:
The Fed raised rates on Sep 16 to a range of 3.75% to 4%, the first hike since 2023. Their own projection has PCE inflation at 3.7% this year against a 2% target. The 10 year Treasury yield touched 5.23%, the highest since 2007.
When safe government bonds pay over 5%, every risky asset has to compete with that. Gold, stocks, $BTC and everything else.
A hot P...
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$BTC Short Trade Scalp
entry: 83,450 to 83,950
SL: 84,800
TPs: 82,850 to 82,200
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$ETH Short Scalp Trade
Entry: 2675 to 2698
SL: 2740
TP: 2652 to 2610
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$XRP Short Scalp Trade
Entry: 1.505 to 1.524
SL: 1.568
TPs: 1.489 to 1.465 and then 1.421
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#SECChairWantsStockMarketsOnChain