✅MACRO DATA 🇺🇸
🟢 Inflation Report (CPI)
➡️Previous Value: 2.7%
➡️Investor Expectations: 2.8%
✅Fact: 2.7%
🟢Assessment: Positive
🧠How to Read the Data:
🟢The data came out better than investor expectations (inflation turned out weaker) - this is definitely positive for the market, and the likelihood of a rate cut at the September meeting will only increase…
📈Locally, this is unlikely to hinder the continuation of the correction and to close the previously formed GAP on the CME after the "news pump" - (around ~$117,000), but, over the course of this month, investors will be more willing to take risks/buy (especially altcoins) in anticipation of a rate cut in September, which will help the market grow (and on September 17, after the rate cut, we will likely see a correction), before the expected crowd of "bullish autumn"…)
✨For ETH, the nearest "long liquidity" is under 4150$ (from there a local scalp reaction is possible), and further under the round mark 4000$ (here are the liquidations), below that, considering the strength of ETH, it is unlikely. If I am ready to enter, I will provide entry points.
