PPI inflation is 6.4% CPI came in 10bps above expectations at 3.7% Even Core was up, meaning energy excluded goods are increasing. This is massively troublesome. The market is pricing for 75bps rate hike, I think they will do 50bps. Tightening doesn’t necessarily mean that a dump is due on $BTC, but in my opinion will make any parabolic increase difficult. We should all be ok with a multi-month slowly ascending consolidation, before an eventual run to prior ATHs late 2027 into 2028.
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