🚨 The market is retreating ahead of US inflation data
Bitcoin has fallen back below $80,000, Ethereum is nearing a break below $2,300, while Solana has lost the $100 level. Meanwhile, crypto liquidations reached around $335 million over the past 24 hours as tech stocks declined.
🇺🇸 All eyes are on today's PCE data, due in about 11 hours:
• Previous: 3.4%
• Forecast: 3.6%
📊 Below expectations = could support a market rally
📉 Above expectations = could increase selling pressure
➖ In line with expectations = potentially limited reaction
My take? It looks like the market is already pricing in a negative scenario, so I think this dip could present buying opportunities. When the data comes out, while the majority expects a crash, the market will reverse course and move higher 📈
$APT $ETH $XRP
Bitcoin has fallen back below $80,000, Ethereum is nearing a break below $2,300, while Solana has lost the $100 level. Meanwhile, crypto liquidations reached around $335 million over the past 24 hours as tech stocks declined.
🇺🇸 All eyes are on today's PCE data, due in about 11 hours:
• Previous: 3.4%
• Forecast: 3.6%
📊 Below expectations = could support a market rally
📉 Above expectations = could increase selling pressure
➖ In line with expectations = potentially limited reaction
My take? It looks like the market is already pricing in a negative scenario, so I think this dip could present buying opportunities. When the data comes out, while the majority expects a crash, the market will reverse course and move higher 📈
$APT $ETH $XRP
