$BTC fell to $79,657, down 1.63% in 24 hours. Inflation data also came in hotter than expected. Going long here is basically just handing your money away?
U.S. PMI is still expanding, while selling-price growth hit a four-year high. Rate-cut expectations have been wiped out, putting risk assets under pressure.
There’s no clear direction here. Wait for inflation data to come out and Treasury yields to stabilize before making a move. No need to jump in now and become exit liquidity.
Think you can read the market better than the market itself? Binance Spot Tournament Season 8 is the perfect test.
Will $BTC hold above $80,000 and rebound, or drop to $79,000? Comment 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #BTC Futures #TradingTournament
U.S. PMI is still expanding, while selling-price growth hit a four-year high. Rate-cut expectations have been wiped out, putting risk assets under pressure.
There’s no clear direction here. Wait for inflation data to come out and Treasury yields to stabilize before making a move. No need to jump in now and become exit liquidity.
Think you can read the market better than the market itself? Binance Spot Tournament Season 8 is the perfect test.
Will $BTC hold above $80,000 and rebound, or drop to $79,000? Comment 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #BTC Futures #TradingTournament
