💥 A short while ago, important economic data was released that the market reacted negatively to. We now observe a clear correction for Bitcoin and alternative currencies; however, we believe this is merely a correction and we are targeting 130k.

✔️ The number of initial unemployment claims in the U.S. has decreased for the first time in three weeks.

✔️ The rate of producer price inflation in the U.S. accelerated to 3.3% during July.

📊 The U.S. Producer Price Index and unemployment claims surprise the markets… Is the interest rate cut being postponed?