๐ Good Morning Crypto Family ๐
Yesterday, the U.S. released PPI (Producer Price Index) data โ a key measure of wholesale prices before goods reach consumers.
๐ The numbers came in hotter than expected โ 0.9% month-over-month and 3.3% year-over-year.
๐ก What does this mean?
Inflation is still running high.
The Federal Reserve might delay or reduce interest rate cuts.
This puts short-term pressure on risk assets like crypto.
โก Market reaction yesterday:
Bitcoin dropped sharply, then recovered ~0.7%.
Ethereum also bounced back +1.7% after an initial dip.
๐ฎ Current outlook:
The market is in recovery/consolidation mode, waiting for the next big economic updates (CPI, Fed statements).
๐ Morning takeaway:
Donโt panic over short-term dips.
Watch Bitcoinโs $125K resistance.
Stay disciplined and stick to your plan.
Letโs make today profitable and informed! ๐ช๐
#CryptoFamily #BTC #ETH