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$BTC Fully on the ground! Tonight’s CPI came in across the board far below expectations—an actual, heavyweight positive catalyst dropped for real!
Overall CPI YoY is 3.5%, while core CPI YoY is only 2.6%. The monthly figure fell straight into negative territory, with everything coming in significantly lower than the market’s estimates. The previously feared stubborn inflation has completely cooled down, and the so-called “inflation fake-dip” concern has been disproven on the spot!
With inflation data weakening across the board, expectations for further Fed rate hikes have cooled sharply. The US dollar is under pressure and weakening too—gold and silver, as well as the crypto market, are directly getting fresh upside momentum!
If you were still stubbornly calling for short positions, worried about an inflation rebound, have you now seen the gap in the data? Those who laid out long positions early are already eating profits—while those still blindly shorting and hard-holding will only continue to miss the move.