⚡️⚡️⚡️⚡️⚡️⚡️

After a 7.5% correction from local highs at $71,400, Bitcoin has managed to demonstrate a strong v-shaped recovery following LOWER than expected inflation data.

The Core CPI data (the FED's preferred inflation metric) came in 20 bps lower than the last release.

Thanks to $BTC being a 24/7 online asset, we can see the markets' initial bullish reaction to lower inflation numbers as it suggests a likely FED cut later this year.

My positions and analysis have not changed for Bitcoin. Bullish bias remains active, the point to break is $72,000 with a confirmation on the 4D timeframe.

Some bullish points I will talk about during my FOMC livestream tonight include: Blockchain Adoption, Ethereum's Fatal Flaw, and more...