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CRYPTO MECHANIC
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-A bull can hope
$BTC
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Us inflation data comes better than they expected. This means inflation is reduced. fundamentally it's bearish news for the dollar and bullish news for Crypto , stocks and commodities and you may have noticed how everything moved up within minutes. Fundamentally driven moves are short lived. it's always up to the market makers which way they want to run the market. Talking about $BTC it is still trading below the key weekly zone $60k ish and I'll remain cautious being bullish as long as it's trading below this key zone.
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Us inflation (CPI) data will be released today. expect some volatility during that session. i think this Cpi data will be important as it can potentially provide a direction. $BTC
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Key zone for bulls to break. This will confirm that $53600 was the bottom otherwise this could just be a bearish retest. $BTC
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