Here comes the strait 🩸

$BTC Bitcoin reacted with a sharp correction of 3% and fell to the level of $117,700!

❗️Reason:

10 minutes ago, macro data on the US economy was released, which turned out to be above forecasts.

▪️Producer Price Index: Actual: 0.9%. Forecast was: 0.2%.

▪️Number of initial jobless claims: Actual: 224K, Forecast: 225K.

Against this backdrop, the market reacted negatively in an instant.