🚨 Attention, traders! Key U.S. inflation data and its impact on Bitcoin 📉📈
The U.S. CPI report just came in hotter than expected: headline inflation rose to 0.4%, while core inflation rebounded by 0.3% for the third consecutive month, driven largely by housing and food.
This set off alarm bells in the markets and is putting direct pressure on the Federal Reserve (Fed) ahead of its rate decision in December. As a result, Bitcoin has reacted by testing key support levels near $73,190–$73,500.
👇 I’d love to hear your thoughts in the comments:
1️⃣ Do you think the Fed will raise rates in December or pause?
2️⃣ Are you taking advantage of this dip to accumulate more BTC, or would you rather wait?
Share your thoughts and follow me so you don’t miss any macro analysis of the crypto market! 🚀
#bitcoin
$BTC
$NVDAB
$XAUT
The U.S. CPI report just came in hotter than expected: headline inflation rose to 0.4%, while core inflation rebounded by 0.3% for the third consecutive month, driven largely by housing and food.
This set off alarm bells in the markets and is putting direct pressure on the Federal Reserve (Fed) ahead of its rate decision in December. As a result, Bitcoin has reacted by testing key support levels near $73,190–$73,500.
👇 I’d love to hear your thoughts in the comments:
1️⃣ Do you think the Fed will raise rates in December or pause?
2️⃣ Are you taking advantage of this dip to accumulate more BTC, or would you rather wait?
Share your thoughts and follow me so you don’t miss any macro analysis of the crypto market! 🚀
#bitcoin
$BTC
$NVDAB
$XAUT
