๐ Bitcoin's Wild Ride: From $62K to a Quick Dip! ๐
- BTC hit a high of $62,000 after a favorable CPI report, only to drop by $3,000 in just over an hour. Talk about a rollercoaster! ๐ข
- Popular trader Daan Crypto Trades wasn't too surprised, noting that markets do their own thing, CPI or not.
- CME Group's FedWatch Tool hints at a possible rate cut in September, but inflation might play peekaboo again.
- Trader Roman is eyeing $55K for a potential long entry, citing low volume and bearish vibes.
Stay tuned, crypto enthusiasts! ๐