🚨 Inflation shock puts pressure on markets
Nasdaq 100 futures fell sharply, and $BTC hit its lowest level since August, with more than $180 million in long positions liquidated since the data was released.
Now, with about half an hour until U.S. markets open, the real test begins.
Has the news already been priced in, and are we seeing selling pressure absorbed and a strong rebound? Or will fear take over and trigger a new wave of declines?
For me, reclaiming the lost levels would be an important sign that selling pressure is being absorbed. But if pressure continues and the lows are broken, that could open the door to further declines.
Don't rush into the market; it needs to establish a direction first.
$CYBER $ZEC
#HotCPIDecemberHikePriced
Nasdaq 100 futures fell sharply, and $BTC hit its lowest level since August, with more than $180 million in long positions liquidated since the data was released.
Now, with about half an hour until U.S. markets open, the real test begins.
Has the news already been priced in, and are we seeing selling pressure absorbed and a strong rebound? Or will fear take over and trigger a new wave of declines?
For me, reclaiming the lost levels would be an important sign that selling pressure is being absorbed. But if pressure continues and the lows are broken, that could open the door to further declines.
Don't rush into the market; it needs to establish a direction first.
$CYBER $ZEC
#HotCPIDecemberHikePriced
