BTC falls below the 78,000 mark—today’s PPI is the “trailer” for the CPI
This morning, BTC tested the 78,000 support, dipping as low as 77,900.
The market is like a fully drawn bow, just waiting for tonight’s PPI and tomorrow’s CPI to release the string.
First, let’s talk about why PPI matters.
PPI is the Producer Price Index—basically a “leading indicator” for CPI.
If factory costs rise, it will eventually filter through to consumers.
Market expectations are PPI MoM +0.2% and YoY +1.4%.
If it comes in above expectations, it’s basically like previewing that tomorrow’s CPI won’t look good either—
the probability of further rate hikes keeps climbing, and BTC will most likely drop to test lower supports.
Conversely, if PPI is below expectations,
markets may price in optimism in advance that “the CPI could cool off,”
and the 80,000 level might be pulled back just like that.
My plan today: I’m not betting on direction—I’ll wait for the data.
I cut my position to 30%, keeping plenty of ammunition on hand, and I’ll make moves once the numbers come out.
The PPI release is tonight at 20:30, and I’ll interpret it in real time in the chat.
Want to know first how the data will affect the market? Tap my avatar to enter the chat—the code word is “PPI.”
By the way, do you think today’s PPI will beat expectations or come in below them?
Drop your bet in the comments: if it beats expectations, you lose 1; if it’s below expectations, you lose 2.
#BinanceSquare #bitcoin #PPI #加密市场 #CPI前瞻