#HotJulyPPI #Bitcoin #CryptoMarkets
Macro Shock:
July’s PPI jump (+0.9% MoM, +3.3% YoY) sent ripples through risk markets. Higher inflation = stronger case for the Fed to delay rate cuts, a potential short-term headwind for Bitcoin.
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Price Action Snapshot:
Pre-PPI: BTC was holding ~$117,800 after a 5% pullback from its $124,500 ATH.
Post-PPI: A quick dip to ~$115,900 before rebounding above $117k—clear sign of dip-buying interest.
Support: $114,500 – $115,000
Resistance: $118,800 – $119,500
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Why Traders Care:
Short-term: Higher yields can draw capital away from crypto into safer assets.
Long-term: Persistent inflation can enhance BTC’s role as a digital inflation hedge.
Whales Watch: On-chain data shows accumulation in 115–116k zones.
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Trading Plan Idea:
📉 Bearish scenario: Sell rallies near $119,500 if momentum stalls; target $116k.
📈 Bullish scenario: Long above $118,800 breakout; target $121,500.
⚠️ Risk management is key—volatility is back.
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Final Thought:
PPI heat might spark short bursts of selling, but history says Bitcoin thrives when inflation refuses to cool. Stay nimbl
e, watch key zones, and trade the volatility.