🔥July CPI data

- The final result of CPI in July was 3% (lower than expected 3.1%).

=> This is good news!

- The speed of repelling inflation is faster than we thought. Therefore, the S&P500 and NASDAQ indexes set new peaks.

- Good news but that doesn't mean it will always uptrend. There were no meetings in August, which meant MM was free to control the market's price path.

- This week Wall Street collected a lot of Bitcoin but no one knows if they will sell it in the near future.

- Selling is not for profit but to force prices and collect as much goods as possible from miners. They also need to do it at a faster pace because it is already mid-July.

- Be patient for a few more months (after September), the bull market will return soon🚀

Read more at 👉https://wsj.com/livecoverage/cpi-report-today-inflation-stock-market-07-11-2024…

#cpi I #USDT🔥🔥 #GemxCrypto