*The Fed is in a bind... and inflation is heating up 🔥*
U.S. PPI hit 6.3%, its highest level since 2022, while CPI came in at 3.7%, above expectations.
Bitcoin fell below $80,000 yesterday, but today it’s back up to $82,430.
Why the rebound?
The U.S. Treasury injected $6 billion in liquidity today, while bond yields and the dollar fell. The odds of interest rates staying unchanged rose to 73%.
*Tip:*
Don’t trade on the news impulsively. This is a period of sharp volatility leading up to the Fed meeting on October 28. Stay on the sidelines, scale into your positions, and don’t put all your funds into a single candle.
$BTC $BNB $ETH
#Bitcoin #Inflation #الفيدرالي
U.S. PPI hit 6.3%, its highest level since 2022, while CPI came in at 3.7%, above expectations.
Bitcoin fell below $80,000 yesterday, but today it’s back up to $82,430.
Why the rebound?
The U.S. Treasury injected $6 billion in liquidity today, while bond yields and the dollar fell. The odds of interest rates staying unchanged rose to 73%.
*Tip:*
Don’t trade on the news impulsively. This is a period of sharp volatility leading up to the Fed meeting on October 28. Stay on the sidelines, scale into your positions, and don’t put all your funds into a single candle.
$BTC $BNB $ETH
#Bitcoin #Inflation #الفيدرالي