💥💥CPI is positive, US stocks are consolidating, but cryptocurrencies are falling rapidly. Why?
⭐⭐The US released CPI data at 8:30 pm yesterday, which was lower than expected, which was positive, and the core CPI continued to decline, adding more reasons for the Fed to cut interest rates in September; but BTC fell instead, making the market confused. Why is this?
💥💥First, because the PPI data released on the 13th was better than expected, the market speculated on the CPI in advance, and the CPI was already within expectations; in addition, the US government transferred 10,000 BTC to COINBASE last night, causing market panic; the leading currencies SUI and SATS on the entire market also weakened, and the market rose weakly;
⭐⭐ Currently, BTC is testing Monday's low of around 57,500 again. It is currently holding on, but there is huge pressure above 60,000; in the short term, if it cannot hold on, it will further decline to between 55,000 and 56,000; if it holds on, it will take time to fluctuate and enter a low volatility period. The real big market was a good opportunity last week. Now we need to wait for a deep decline or a continuous sideways trend to appear. Big opportunities;
