âđŁ $BTC ALERT: US Inflation Data Just DroppedâWhat Happens Next?
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âHello @AyoubAnalysis Community! đ
âThe latest US CPI (Consumer Price Index) Inflation data has just been released, and the numbers are higher/lower than expected. This is a crucial macro event that historically dictates the short-term trend for $BTC.
âMy Analysis on the $BTC Impact:
âIf Data is High (Inflationary): This usually signals that the Federal Reserve may maintain higher interest rates for longer. This is typically Bearish for risk assets like Bitcoin. Look for potential support retests near $65,000.
âIf Data is Low (Deflationary): This suggests the economy is slowing, increasing the likelihood of rate cuts. This is extremely Bullish for $BTC. We could see a swift move towards the next resistance at $72,000.
âThe Key Level: BTC must hold the $67,500 level today. A close below this could confirm a bearish trend for the week.
âđ Action Plan: Wait for the initial volatility to settle. Trade based on confirmed breaks of support or resistance, not on fear!
âWhat's your target for BTC after this news? đ
â#BTC #MacroAnalysis #Inflation #BinanceSquare #AyoubAnalysis $BTC
