๐ฎ **Attention Crypto Community! The Next 2 Days Are Crucial!** ๐ฎ
๐บ๐ธ **All Eyes on the USA:** The cryptocurrency world awaits critical updates from the United States, with a focus on the statements of Jerome Powell, the FED chairman.
๐ **Key Events:**
- ๐ **Producer Inflation Data (PPI):** Expected on May 14 at 15:30 GMT, with projections at 2.2%.
- ๐๏ธ **Jerome Powell's Speech:** Scheduled for May 14 at 17:00 GMT, Powell's remarks could significantly impact Bitcoin and altcoins.
- ๐ **Consumer Inflation Data (CPI):** Set for May 15 at 15:30 GMT, with expectations at 3.4%.
๐ก **Potential Scenarios:**
- ๐ผ **Positive Outcome:** If PPI and CPI data meet expectations and Powell delivers reassuring statements, we may see a bullish surge in the crypto market.
- ๐ฝ **Negative Outcome:** Failure to meet expectations and hawkish remarks from Powell could lead Bitcoin (BTC) to dip below $60,000.
โInflation data looms large this week. Expect market volatility, but a slowdown in inflation could spell good news for risk assets like Bitcoin.โ
๐ **Stay Informed, Stay Prepared!** ๐
