#usppimissmayeasebtcpressure
😮💨 The Bulls Just Breathed A Small Sigh Of Relief!
The US PPI for October came in at 6.5%, slightly below the 6.6% forecast, though still a bit higher than September's 6.3%!
After the shock of hotter-than-expected CPI earlier this week, this slight miss helps ease sell-off pressure, but it is not enough to turn the tide. Inflation remains elevated, so the Fed is still very likely to raise interest rates at its upcoming December 8-9 meeting, it is just a little less hawkish.
💡 What should traders do? Don't rush to go all in and celebrate too soon, the macroeconomic landscape is still stormy. Keep a cool head, limit your use of high leverage, and wait for a clear price reaction.
⚠️ This is not financial advice.
👇
$BTC - Watch for PPI relief bounce, strong.
$ETH - Watch for Fed December meeting, strong.
$AKE - Watch for macro calm pump, strong.
✨𝐅𝐀𝐑𝐙𝐀𝐍𝐀 𝐇𝐀𝐌𝐄𝐄𝐃 𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 • 🦋 ✨
#Bitcoin #Macro #Fed #CryptoNews
😮💨 The Bulls Just Breathed A Small Sigh Of Relief!
The US PPI for October came in at 6.5%, slightly below the 6.6% forecast, though still a bit higher than September's 6.3%!
After the shock of hotter-than-expected CPI earlier this week, this slight miss helps ease sell-off pressure, but it is not enough to turn the tide. Inflation remains elevated, so the Fed is still very likely to raise interest rates at its upcoming December 8-9 meeting, it is just a little less hawkish.
💡 What should traders do? Don't rush to go all in and celebrate too soon, the macroeconomic landscape is still stormy. Keep a cool head, limit your use of high leverage, and wait for a clear price reaction.
⚠️ This is not financial advice.
👇
$BTC - Watch for PPI relief bounce, strong.
$ETH - Watch for Fed December meeting, strong.
$AKE - Watch for macro calm pump, strong.
✨𝐅𝐀𝐑𝐙𝐀𝐍𝐀 𝐇𝐀𝐌𝐄𝐄𝐃 𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 • 🦋 ✨
#Bitcoin #Macro #Fed #CryptoNews
