#Bitcoin Market Update
CPI Surprise Opens Fed Rate-Cut Path โ BTC Eyes New Highs
๐ฅ May CPI: 2.4% YoY (vs 2.5% expected)
โก๏ธ Rate-cut probability rising โ Risk-on sentiment returning
๐ธ $BTC just broke $109K, heading toward its all-time high near $112K
๐ Whatโs fueling the rally?
โข โ Inflation easing โ Fed flexibility
โข โ Broke above 50-day EMA
โข โ FVG (Fair Value Gap) now acting as strong support
โข โ Macro tailwinds: USโChina trade thaw + institutional inflows
โข โ Negative funding rates โ historically signal strong upside potential
๐ฏ Target: $112K+
If momentum holds, we could see a fresh ATH sooner than expected.
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