JUST GOT A LITTLE INFLATION RELIEF, BUT THE REAL TEST IS STILL AHEAD!
US PPI came in below expectations, with annual inflation at 6.5% versus 6.6% forecast and monthly PPI rising just 0.3%.
That's positive for risk assets, but elevated core PPI at 5.0% keeps pressure on the Federal Reserve.
Bitcoin is still fighting to reclaim $70,000, and the next move could determine short-term market direction.
Here's what I'm watching:
- BTC reclaiming $70K.
- November 18 FOMC minutes.
- Fresh Bitcoin ETF inflows.
If buyers step in, a stronger recovery could follow. But if sellers regain control, another downside move remains possible.
Relief is here, but confirmation is everything.
Can BTC reclaim $70K this weekend, or are bears preparing another move?
$BTC
$BNB
$XAUT
#USPPIMissMayEaseBTCPressure
#BitcoinActiveSupplyInProfitDropsBelow45%
US PPI came in below expectations, with annual inflation at 6.5% versus 6.6% forecast and monthly PPI rising just 0.3%.
That's positive for risk assets, but elevated core PPI at 5.0% keeps pressure on the Federal Reserve.
Bitcoin is still fighting to reclaim $70,000, and the next move could determine short-term market direction.
Here's what I'm watching:
- BTC reclaiming $70K.
- November 18 FOMC minutes.
- Fresh Bitcoin ETF inflows.
If buyers step in, a stronger recovery could follow. But if sellers regain control, another downside move remains possible.
Relief is here, but confirmation is everything.
Can BTC reclaim $70K this weekend, or are bears preparing another move?
$BTC
$BNB
$XAUT
#USPPIMissMayEaseBTCPressure
#BitcoinActiveSupplyInProfitDropsBelow45%
