📉 Inflation on the Hunt: Why Bitcoin is Backing Down Amid New CPI Data?
Today, the crypto market woke up to slight downward pressure following the release of U.S. inflation data that exceeded expectations.
The News: April's CPI shows inflation remains "sticky." This reduces the likelihood of the Federal Reserve cutting interest rates in their next meeting.
Impact on Crypto: High rates strengthen the dollar, typically pushing investors out of risk assets like BTC and ETH towards more conservative havens.
Key Level: We are testing support at $72,500. If it holds, the bullish structure remains intact; otherwise, we could see a liquidation of leveraged positions.
💡 Strategy: In times of high macro volatility, DCA (Dollar Cost Averaging) continues to be the best ally to avoid emotional trading.
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