The hot PPI data delivered a severe blow to near-term Fed rate cut hopes, triggering a violent, leverage-fueled crypto sell-off. 🔵Expect high volatility to persist in the coming days.
🔵 Markets will be laser-focused on any clues about future Fed policy and upcoming inflation data (especially CPI).
🔵 Caution and risk management are paramount.
🔵 Short-term bearish with a possible rebound #HotJulyPPI $BTC
