CAN PPI FINALLY GIVE BITCOIN SOME RELIEF?
US PPI came in below expectations, offering a potential break from the pressure on $BTC. But don't celebrate just yet.
#USPPIMissMayEaseBTCPressure
Despite the softer monthly reading, annual producer inflation remains a major concern. Combined with the recent hot CPI data, rising bond yields and uncertainty surrounding the Fed's next move, the macro picture is far from bullish.
BTC is still struggling below $70,000. One softer inflation reading may bring temporary relief, but a sustained recovery needs stronger evidence that inflation is cooling.
Is this the beginning of a rebound, or just another temporary bounce?
US PPI came in below expectations, offering a potential break from the pressure on $BTC. But don't celebrate just yet.
#USPPIMissMayEaseBTCPressure
Despite the softer monthly reading, annual producer inflation remains a major concern. Combined with the recent hot CPI data, rising bond yields and uncertainty surrounding the Fed's next move, the macro picture is far from bullish.
BTC is still struggling below $70,000. One softer inflation reading may bring temporary relief, but a sustained recovery needs stronger evidence that inflation is cooling.
Is this the beginning of a rebound, or just another temporary bounce?
