PCE, the Fed, and the Road to BTC $110K
#USCorePCEMay
How do we get to $110K BTC?
Step 1: Disinflation confirmed
Step 2: Fed signals cut
Step 3: Risk-on flows surge
Step 4: BTC breaks ATH
May’s Core PCE may have triggered Step 1.
The next FOMC meeting and June CPI will decide Step 2.
Note:
Crypto Is Becoming a Macro Asset
Gone are the days when Bitcoin traded in a vacuum.
Today, it's part of the global macro portfolio.
If you ignore PCE, you're flying blind.
#USCorePCEMay #ScalpingStrategy #BinanceSquareTalks #TrendingTopic
