🚨 THE MARKET WANTED A RATE CUT… BUT INFLATION HAD OTHER PLANS. 💀
US inflation came in hotter than expected!
📊 October CPI: 0.4% vs 0.3% expected
📊 Core CPI: 0.3% vs 0.2% expected
And here's the twist…
🏦 Fed Governor Christopher Waller says a 25 bps rate hike should be supported in December, with a possible 50 bps hike worth considering after the latest inflation reading.
Now look at Bitcoin…
📉 US spot BTC ETFs recorded approximately $201M in net outflows on November 9.
⛏️ MARA also disclosed selling 13,597 BTC over roughly six weeks, worth around $1.1B.
MARKETLENS VIEW 🎯
The short-term sentiment is BEARISH.
Hotter inflation, potential Fed tightening and continued BTC selling pressure are not exactly the recovery ingredients bulls were waiting for.
But remember: bearish pressure doesn't guarantee another breakdown. The market still needs to confirm its next move.
PRO TRADERS: Is BTC preparing for another leg down, or could the market absorb this pressure and surprise everyone? 👀
#MarketLens #Binance #Bitcoin #BTC #FederalReserve
$BTC $XAU $USDC
US inflation came in hotter than expected!
📊 October CPI: 0.4% vs 0.3% expected
📊 Core CPI: 0.3% vs 0.2% expected
And here's the twist…
🏦 Fed Governor Christopher Waller says a 25 bps rate hike should be supported in December, with a possible 50 bps hike worth considering after the latest inflation reading.
Now look at Bitcoin…
📉 US spot BTC ETFs recorded approximately $201M in net outflows on November 9.
⛏️ MARA also disclosed selling 13,597 BTC over roughly six weeks, worth around $1.1B.
MARKETLENS VIEW 🎯
The short-term sentiment is BEARISH.
Hotter inflation, potential Fed tightening and continued BTC selling pressure are not exactly the recovery ingredients bulls were waiting for.
But remember: bearish pressure doesn't guarantee another breakdown. The market still needs to confirm its next move.
PRO TRADERS: Is BTC preparing for another leg down, or could the market absorb this pressure and surprise everyone? 👀
#MarketLens #Binance #Bitcoin #BTC #FederalReserve
$BTC $XAU $USDC
