#CreatorPad
๐ขโจ The US inflation report and its strong impact on the cryptocurrency markets right now! โจ๐ข
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๐ฅ The United States today announced the inflation rate for July, where the overall inflation rate remained at 2.7% annually, while core inflation rose to 3.1%, raising market concerns about the persistence of inflationary pressures and their impact on the monetary policy of the US central bank.
๐ This rise in core inflation may prompt the Fed to continue raising interest rates or keep them at high levels for a longer period, which increases the volatility of cryptocurrency markets, especially Bitcoin (BTC) and Dogecoin (DOGE).
๐ Currently, Bitcoin is trading at around $119,059, with key support at $118,250 and resistance at $120,700. Meanwhile, Dogecoin is recording a price around $0.2254, with support at $0.2198 and resistance at $0.2333.
๐ฎ The forecasts for the coming hours indicate two main possibilities: either a breakout above the resistance levels of Bitcoin and Dogecoin pushing prices up to new levels, or a break below support which could lead to a temporary downward correction.
โ ๏ธ For investors and traders, we advise using stop-loss orders, following economic news, and diversifying the portfolio to reduce risks.
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๐๐ #BinanceAlphaAlert #ุงูุจูุชูููู #BTC #Dogecoin #DOGE #ุงูุนู ูุงุช_ุงูุฑูู ูุฉ
