#BTC Yesterday’s annual PPI came in below expectations, coupled with an unexpected drop in China’s 30-year yields—both seen as positive signals by crypto and gold investors. If today’s core CPI and crude oil inventory data align with forecasts, we could see further support for the declining DXY and oil futures, boosting the positive crypto inflows that began yesterday.
However, macro uncertainties persist, especially with the upcoming U.S. presidential elections, pointing to high volatility this week. As a result, I’ll maintain my current positions and refrain from taking new buy-side trades for now.
Looking ahead, if next week’s BoJ interest rate decision supports the macro environment, it could prompt a shift in the Fed’s hawkish rate stance this year 😉. Let’s watch and see. HODL strong ✌️
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#BTC Yesterday’s annual PPI came in below expectations, coupled with an unexpected drop in China’s 30-year yields—both seen as positive signals by crypto and gold investors. If today’s core CPI and crude oil inventory data align with forecasts, we could see further support for the declining DXY and oil futures, boosting the positive crypto inflows that began yesterday.
However, macro uncertainties persist, especially with the upcoming U.S. presidential elections, pointing to high volatility this week. As a result, I’ll maintain my current positions and refrain from taking new buy-side trades for now.
Looking ahead, if next week’s BoJ interest rate decision supports the macro environment, it could prompt a shift in the Fed’s hawkish rate stance this year 😉. Let’s watch and see. HODL strong ✌️