PPI UPDATE x COOLER THAN EXPECTED

PPI data came in significantly cooler than expected.

1- Core PPI: 0.1% vs 0.4% forecast (massive miss to the downside)

2- PPI: 0.5% vs 1.1% forecast (less than half of what was expected)

Both readings dropped sharply from last month's numbers. Core PPI went from 0.5% to 0.1% and headline PPI went from 0.7% to 0.5%. This is bullish for Bitcoin at this resistance level since cooler inflation means the Fed has more room to consider rate cuts as the dollar weakens.

Based on the historical data I shared in the previous update, hot PPI prints have caused 4-6% drops within 48 hours every time since October. But friendly PPI prints have allowed price to hold and grind higher. With BTC already sitting at the $74K-$75K resistance, this is the kind of data that could give it the push to finally break through.

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