🚨 MACRO ALERT: U.S. PPI COOLED DOWN
October PPI is out - and it's a small win for risk assets.
📊 The Numbers:
PPI YoY: 6.5% vs 6.6% Expected
PPI MoM: 0.3% vs 0.4% Expected
Core PPI YoY: 5.0% As Expected
🧠 What It Really Means:
Market was expecting hotter inflation. This slight cool-down gives breathing room.
Cooler PPI = Weaker Dollar Pressure
Weaker Dollar = Less Pressure On BTC
But don't celebrate too early.
6.5% YoY is still the highest since Nov 2022. Inflation is cooling, not gone.
BTC needs to hold key levels to turn this relief into a real bounce.$BTC $ETH $SOL
What do you think - Relief Rally or Trap?
#USPPIMissMayEaseBTCPressure #BTC
#WhatWillDriveCryptoandStocks’NextRebound? #BitcoinBreaksBelow200WeekMovingAverage #HuangExitNvidiaStrategyInFocus
October PPI is out - and it's a small win for risk assets.
📊 The Numbers:
PPI YoY: 6.5% vs 6.6% Expected
PPI MoM: 0.3% vs 0.4% Expected
Core PPI YoY: 5.0% As Expected
🧠 What It Really Means:
Market was expecting hotter inflation. This slight cool-down gives breathing room.
Cooler PPI = Weaker Dollar Pressure
Weaker Dollar = Less Pressure On BTC
But don't celebrate too early.
6.5% YoY is still the highest since Nov 2022. Inflation is cooling, not gone.
BTC needs to hold key levels to turn this relief into a real bounce.$BTC $ETH $SOL
What do you think - Relief Rally or Trap?
#USPPIMissMayEaseBTCPressure #BTC
#WhatWillDriveCryptoandStocks’NextRebound? #BitcoinBreaksBelow200WeekMovingAverage #HuangExitNvidiaStrategyInFocus
