🚨 U.S. PPI data in about 45 minutes—will we see a rebound?
After yesterday’s drop following the CPI data, I think the correction was healthy, especially with a large number of long positions being liquidated and Bitcoin and many other coins reaching important technical support levels.
The market expects PPI at 5.3%, compared with 5.4% previously:
📉 Higher than expected: potentially more pressure.
📈 Lower than expected: an opportunity for a rebound.
↔️ In line with expectations: the reaction could be choppy.
In my view, the current fear could create accumulation opportunities, but there’s no guarantee of a rebound. If the data comes in as a major surprise, we could see a sharp move that’s difficult to predict.
Make risk management a priority, and don’t put all your capital in before the data is released.
#CPIWatch
#PPIWatch
#TradersBetOnThreeMoreFedHikes
After yesterday’s drop following the CPI data, I think the correction was healthy, especially with a large number of long positions being liquidated and Bitcoin and many other coins reaching important technical support levels.
The market expects PPI at 5.3%, compared with 5.4% previously:
📉 Higher than expected: potentially more pressure.
📈 Lower than expected: an opportunity for a rebound.
↔️ In line with expectations: the reaction could be choppy.
In my view, the current fear could create accumulation opportunities, but there’s no guarantee of a rebound. If the data comes in as a major surprise, we could see a sharp move that’s difficult to predict.
Make risk management a priority, and don’t put all your capital in before the data is released.
#CPIWatch
#PPIWatch
#TradersBetOnThreeMoreFedHikes