Bitcoin continues to find resistance below $86,000 USD as the market digests the latest PCE indicator reading and its recent methodological changes. Although the initial figure seemed favorable, analysts warn that these changes complicate the true interpretation of inflation, generating institutional caution and limiting the bullish momentum at the start of the new quarter. 📊
What happened: $BTC erased its gains after the macro data and trades in a tight range.
Why it matters: It shows how sensitive the crypto market is to the methodology of official data and ongoing macroeconomic uncertainty.
What to watch: Trading volumes in ETFs and the reaction at key support levels.
Follow the profile for more rigorous analysis on the crypto market and macroeconomy. 🌐
#Bitcoin #Macro #Crypto #Inversion
What happened: $BTC erased its gains after the macro data and trades in a tight range.
Why it matters: It shows how sensitive the crypto market is to the methodology of official data and ongoing macroeconomic uncertainty.
What to watch: Trading volumes in ETFs and the reaction at key support levels.
Follow the profile for more rigorous analysis on the crypto market and macroeconomy. 🌐
#Bitcoin #Macro #Crypto #Inversion
