🚨 PCE JUST DROPPED, and Bitcoin reacted in minutes! ⚡
The Fed's favorite inflation gauge came in COOLER than expected:
📉 Core PCE: +0.2% m/m (vs 0.3% expected)
📉 Core PCE YoY: 3.0% (vs 3.3% expected)
📉 Headline YoY: 3.4% (vs 3.7% expected)
Why crypto cares: softer inflation means less pressure on yields and fewer rate-hike fears ahead of the Oct 27-28 FOMC. Result: $BTC jumped ~1% to ~$84.7K 🚀
But don't chase blindly 👇
🔹 1H RSI is overheated after the spike
🔹 Resistance: 85.2K → 87.4K
🔹 Support: 83.6K → 82.5K
🔹 After July's PCE, BTC gave back its gains, so one print doesn't make a trend
Patience > FOMO. Wait for retests and set your stop BEFORE you enter.
💬 What's your move: buy the dip or wait for the breakout?
#PCE #BTC #Fed #CryptoNews
#NFA / DYOR
The Fed's favorite inflation gauge came in COOLER than expected:
📉 Core PCE: +0.2% m/m (vs 0.3% expected)
📉 Core PCE YoY: 3.0% (vs 3.3% expected)
📉 Headline YoY: 3.4% (vs 3.7% expected)
Why crypto cares: softer inflation means less pressure on yields and fewer rate-hike fears ahead of the Oct 27-28 FOMC. Result: $BTC jumped ~1% to ~$84.7K 🚀
But don't chase blindly 👇
🔹 1H RSI is overheated after the spike
🔹 Resistance: 85.2K → 87.4K
🔹 Support: 83.6K → 82.5K
🔹 After July's PCE, BTC gave back its gains, so one print doesn't make a trend
Patience > FOMO. Wait for retests and set your stop BEFORE you enter.
💬 What's your move: buy the dip or wait for the breakout?
#PCE #BTC #Fed #CryptoNews
#NFA / DYOR