Just took a look at the chart: $BTC 69,218.
Intraday low: 67,568, just one step away from the first support at 68,000.
If 68,000 breaks, the next stop isn’t 65,000—it’s 62,000.
If 68,000 holds, 72,000 is the first target above.
PPI drops tonight at 21:30, with the annual rate expected at 6.6%.
If it comes in above expectations, bets on a 50-basis-point rate hike could climb even higher from 14.5%, and 62,000 won’t just be a scare tactic.
A week ago, that probability was still 0.
If it comes in below expectations, shorts will take profits first, and 72,000 could be reached in half an hour.
A Bet on the direction tonight: will 62,000 or 72,000 come first?
B Wait for the PPI release before making a move
$BTC $ETH
#比特币 #PPI #FederalReserve
Intraday low: 67,568, just one step away from the first support at 68,000.
If 68,000 breaks, the next stop isn’t 65,000—it’s 62,000.
If 68,000 holds, 72,000 is the first target above.
PPI drops tonight at 21:30, with the annual rate expected at 6.6%.
If it comes in above expectations, bets on a 50-basis-point rate hike could climb even higher from 14.5%, and 62,000 won’t just be a scare tactic.
A week ago, that probability was still 0.
If it comes in below expectations, shorts will take profits first, and 72,000 could be reached in half an hour.
A Bet on the direction tonight: will 62,000 or 72,000 come first?
B Wait for the PPI release before making a move
$BTC $ETH
#比特币 #PPI #FederalReserve