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July 14, the US June unadjusted CPI year-on-year came in at 3.5%, below expectations of 3.8%.
Wassh said the Federal Reserve has “zero tolerance” for persistent high inflation.
This data is below expectations; if it were 3.8 as expected, it would also be bullish. Such a result will weaken the buzz about further rate hikes. With expectations continuing to trend lower, the prospect of rate cuts is coming into view. In that case, BTC will likely rise further.
Gold was pushed up to 4100; I already closed my long position. LIT also went up; I’m taking profit in batches. BTC is still holding longs, looking to see whether it can reach around 640 before considering closing.
My prediction for today was right—I bought early and took the meat.
I shared my prediction logic with the students around me. He didn’t enter BTC or gold. I said my prediction might not be correct; once the results come out tonight at 8:30, I’ll see whether my forward-looking call is right. Now it looks like it’s correct—if it’s right, you eat meat; if it’s wrong, you get beaten!
$BTC $XAU $LIT