đșđž US CPI IS OUT
CPI came in at 3.4%
đŻ Expectations: 3.4%
đ Lowest level in 4 months
So what does this mean for crypto?
Inflation is cooling, which could take some pressure off the Fed to keep rates high.
Thatâs generally a positive sign for Bitcoin & crypto đ
But donât expect CPI to automatically send BTC flying đ
Keep an eye on BTC price action, DXY & Treasury yields before jumping into a trade.
Stay patient, donât FOMO & DYOR đ€
#USJulyCPI&PPIDueThisWeek #cpi #TradingCommunity #CoinQuestArmy
CPI came in at 3.4%
đŻ Expectations: 3.4%
đ Lowest level in 4 months
So what does this mean for crypto?
Inflation is cooling, which could take some pressure off the Fed to keep rates high.
Thatâs generally a positive sign for Bitcoin & crypto đ
But donât expect CPI to automatically send BTC flying đ
Keep an eye on BTC price action, DXY & Treasury yields before jumping into a trade.
Stay patient, donât FOMO & DYOR đ€
#USJulyCPI&PPIDueThisWeek #cpi #TradingCommunity #CoinQuestArmy

