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Yesterday's CPI came in cool...headline inflation pulled back, taking some heat out of the hawkish narrative. (for now)
- $BTC liked it, ripping up to $65k...but got rejected hard there and has stalled since.
Feels like it's just parked, waiting or the PPI at 13:30 today.
- Soft print, I think we test resistance again. (Maybe break towards $70k)
- Hot, and I'd expect a rollover (back to $60k)
I'll be breaking down the reaction LIVE in the subscriber section, the second it drops.
Speak soon...Jordan