Here comes the strait 🩸
$BTC Bitcoin reacted with a sharp correction of 3% and fell down to the level of $117,700!
❗️Reason:
10 minutes ago, macro data on the US economy was released, which turned out to be above forecasts.
▪️Producer Price Index: Actual: 0.9%. Forecast was: 0.2%.
▪️Number of initial claims for unemployment benefits: Actual: 224K, Forecast: 225K.
Against this background, the market reacted negatively in a moment.
