SHORT $BTC 117k. Stop loss 118.5k. Target 113k $BTC | BIGBULL97 on Binance Square

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SHORT $BTC 117k. Stop loss 118.5k. Target 113k$BTC 

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As the #CPI result comes in a little bit hotter than expected again, it comes again as a mixed signal for the market here. And also, it doesn't guarantee us a rate cut in July with inflation is arising a little bit in June. The reason of why $BTC dropped earlier was because people were derisking from the position, waited for the #CPI release. I think, it's more of nothing burger and the note of the rate cut is still the same, uncertain. Most likely, we will see $BTC to consolidate around this area with max pain of correction to the green support zone ($112k). $BTC

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Ah shit. Here we go again. CPI comes a little hot.. I'm going to make sure how price reacts into this. But most likely, a drop.. Let's analyze further after US market open.$BTC

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As we're coming ahead to CPI, there is this kind of pattern is forming up right now. Let's watch how the CPI result comes.

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U.S. CPI Data drops today at 08:30 AM ET 🚨 📊 Previous: 2.4% 📈 Forecast: 2.6% 🔺 If CPI ≥ 2.6% → Inflation heating up = Market Dump? 😬 🔻 If CPI ≤ 2.4% → Inflation cooling = Market Pump? 🚀

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$MOODENG UPDATE . $MOODENG

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