#usppimissmayeasebtcpressure
The bulls $BTC just breathed a small sigh of relief! đŽâđ¨ The US PPI for October came in at 6.5%, slightly below the 6.6% forecast (though still a bit higher than Septemberâs 6.3%).
After the shock of hotter-than-expected CPI earlier this week, this slight âmissâ helps ease sell-off pressure, but itâs not enough to turn the tide. Inflation remains elevated, so the Fed is still very likely to raise interest rates at its upcoming December 8â9 meetingâitâs just a little less âhawkish.â
What should traders do? Donât rush to go âall inâ and celebrate too soonâthe macroeconomic landscape is still stormy. Keep a cool head, limit your use of high leverage, and wait for a clear price reaction. This is not financial advice.
Click the trade button below to support me:
$ETH
$AKE
#Bitcoin #Macro #Fed #CryptoNews #TradingTips #VINHTOCDO
The bulls $BTC just breathed a small sigh of relief! đŽâđ¨ The US PPI for October came in at 6.5%, slightly below the 6.6% forecast (though still a bit higher than Septemberâs 6.3%).
After the shock of hotter-than-expected CPI earlier this week, this slight âmissâ helps ease sell-off pressure, but itâs not enough to turn the tide. Inflation remains elevated, so the Fed is still very likely to raise interest rates at its upcoming December 8â9 meetingâitâs just a little less âhawkish.â
What should traders do? Donât rush to go âall inâ and celebrate too soonâthe macroeconomic landscape is still stormy. Keep a cool head, limit your use of high leverage, and wait for a clear price reaction. This is not financial advice.
Click the trade button below to support me:
$ETH
$AKE
#Bitcoin #Macro #Fed #CryptoNews #TradingTips #VINHTOCDO
