US #cpi DATA: BEARISH SIGNAL FOR CRYPTO? ๐
๐บ๐ธ US inflation came in hotter than expected:
๐ด Core CPI m/m: 0.3% vs 0.2% forecast
๐ด Core CPI y/y: 2.6% vs 2.5% forecast
๐ด CPI y/y: 3.7% vs 3.6% forecast
โ ๏ธ Higher inflation could delay Fed rate cuts, putting pressure on BTC and altcoins.
๐ Market Outlook: Short-term bearish risk โ ๏ธ Watch BTC price action and key support levels before entering trades.
๐บ๐ธ US inflation came in hotter than expected:
๐ด Core CPI m/m: 0.3% vs 0.2% forecast
๐ด Core CPI y/y: 2.6% vs 2.5% forecast
๐ด CPI y/y: 3.7% vs 3.6% forecast
โ ๏ธ Higher inflation could delay Fed rate cuts, putting pressure on BTC and altcoins.
๐ Market Outlook: Short-term bearish risk โ ๏ธ Watch BTC price action and key support levels before entering trades.