Ualifi Araújo
--
Bullish
The CPI data came in above projections, which is CLEARLY a problem here and it's no wonder that we have #BTC and #altcoin retreating quickly.
This data could reduce the likelihood of interest rate cuts by the Fed in the short term, so it's something that will cause problems in the market in the next few hours.
Now, the market's focus will be on Powell's testimony in the next 1 hour and 25 minutes from now. If he softens his tone, this could reverse part of the negative impact. If he reinforces the need for caution, the market could react with more volatility and #BTC go to $92K/$90K.
The next few hours will be hectic, stay calm! 💛✊🏻🚀
This data could reduce the likelihood of interest rate cuts by the Fed in the short term, so it's something that will cause problems in the market in the next few hours.
Now, the market's focus will be on Powell's testimony in the next 1 hour and 25 minutes from now. If he softens his tone, this could reverse part of the negative impact. If he reinforces the need for caution, the market could react with more volatility and #BTC go to $92K/$90K.
The next few hours will be hectic, stay calm! 💛✊🏻🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.