Twenty-four hours after the PPI shock, the market has entered a phase of “liquidity digestion.” With no new high-impact macro data today, current price action is the real stress test for our thesis.
Based on FIG’s reporting, Fragoso Investment Group is Long
$BTC at the time of publication. Positions may change at any time.
Data Analysis and Divergence Flash:
The DXY (97.78) has failed to rebound despite the absence of news, confirming that yesterday’s break below 98.00 was not an isolated event, but a structural shift in sentiment. The US10Y (4.274) shows slight upward pressure versus yesterday, but remains significantly below the post-CPI panic levels (4.40%+).
The Persistent Lie: The media will try to frame any minor pullback in Gold or BTC as “profit-taking driven by fears of a hawkish Fed.” That is false.
The Forensic Reality: We are looking at a mean reversion phase. After yesterday’s explosive rally, assets are searching for efficiency. The fact that the DXY continues printing lows within its 48-hour range (97.64) while Gold holds above $4,800 is a sign of strength, not weakness.
Bias: Consolidated Bullish / Floor Confirmation
GOLD (XAUUSD): Structural Support Test
Technical analysis: The current price of $4,817.5 represents a healthy pullback after testing the 48-hour ceiling at $4,871.5. Watch the floor of the 48-hour range: $4,699.91. Gold has raised its psychological floor by more than $100 in record time.
Technical reason: As long as the DXY does not recover the 98.50 level, Gold’s structure remains one of rising highs. The current decline is a technical gap fill designed to pick up institutional buyers who were left behind during the PPI jump.
BITCOIN (BTC): Volatility Compression
Bitcoin is showing extreme resilience. Its distance from the ATH (-41.32%) compared with Gold’s (-13.93%) suggests that BTC has much more proportional recovery fuel if the dollar keeps bleeding. Liquidity is concentrating around $73,500; as long as that level holds, the bias remains aggressively bullish.
The narrative of “runaway inflation” has been replaced by fear of a “debt-driven slowdown,” which keeps capital flowing out of cash (DXY) and into safe-haven and growth assets.
Data anchored to April 15, 2026. The DXY remains weak (97.78), validating yesterday’s breakdown. The US10Y is showing a mild technical correction (4.274). Gold and BTC are carrying out textbook technical pullbacks into their new support zones after the PPI release, while keeping their short- and medium-term bullish structures intact.
#Fed #BTC #PPI #DXY