OK, let's summarize the US economic indicators tonight!
- PPI increased from 0.0 to 0.9 EXTREMELY HIGH indicating that the US economy is doing quite well => Fed has no reason to force a rate cut!
Risky assets like Crypto will temporarily decrease in value and enter a correction phase to test the growth rhythm, waiting for further news from the Fed and Trump.
Looking at the chart! Prices surged from 121 down to 117 (the support level as I mentioned before) and bounced back. The price level of 117 is where there are many buy orders, keeping the price stable! BUT in the short term, $BTC will have a hard time pushing up further.
As for altcoins. Perhaps Altcoin SS will take another 1-2 months to arrive :)))