#BTC 💸
This chart is like a lion that has been lying in wait for the producer price index data to be released in about 5 hours.
At first there may be some jerks in one direction or another, but then the actual movement follows.
The fact that the market is contracting in the area of D1EMA200 and $59.2k clearly says: we are waiting for data, and then it is gone.
Today, with PPI, it's just a warm-up. Tomorrow, according to the CPI, there will be a real surge:
Is inflation falling? -> Bullish trend -> Risky assets are rising.
Still sticky? -> Bearish -> Risky assets down.
And as today's producer price index data can already tell us, it's possible that the market is already pricing it in.
This is the most important CPI in our life!
(Until the next one.)
Have a nice day! ☀️
$BTC
This chart is like a lion that has been lying in wait for the producer price index data to be released in about 5 hours.
At first there may be some jerks in one direction or another, but then the actual movement follows.
The fact that the market is contracting in the area of D1EMA200 and $59.2k clearly says: we are waiting for data, and then it is gone.
Today, with PPI, it's just a warm-up. Tomorrow, according to the CPI, there will be a real surge:
Is inflation falling? -> Bullish trend -> Risky assets are rising.
Still sticky? -> Bearish -> Risky assets down.
And as today's producer price index data can already tell us, it's possible that the market is already pricing it in.
This is the most important CPI in our life!
(Until the next one.)
Have a nice day! ☀️
$BTC
