Market Analysis (Macro Focus)

US PPI Data is Out: What it means for BTC 📊

​The April Producer Price Index (PPI) data was released today, showing a slight cooling in inflation. This is a massive signal for the markets!

​With Bitcoin ($BTC) currently hovering near the $78,000 resistance level, a dovish stance from the Fed could be the fuel needed to break $80k.

​📉 Support: $74,500

🚀 Resistance: $80,200

​Are you longing or shorting this volatility? Let’s discuss! 💬

​#Bitcoin #Macro #TradingSignals #CryptoUpdate #BTC