This week is make-or-break for $BTC.
3 macro bombs dropping:
• Wed: July PCE (the Fed's fav inflation gauge)
• Thu: Q2 GDP revision
• Fri: Powell speaks at Jackson Hole
Hot PCE = pain. Soft PCE = rally fuel.
The market's sitting on a knife edge. One bad print and we're back to testing support. One dovish signal and we could see a violent move up.
Watch PCE closely. Everything else is noise.
3 macro bombs dropping:
• Wed: July PCE (the Fed's fav inflation gauge)
• Thu: Q2 GDP revision
• Fri: Powell speaks at Jackson Hole
Hot PCE = pain. Soft PCE = rally fuel.
The market's sitting on a knife edge. One bad print and we're back to testing support. One dovish signal and we could see a violent move up.
Watch PCE closely. Everything else is noise.