Bitcoin / TetherUSāļĨāļāļĨāļ
ðĨ TERRIBLE CPI - Inflation Getting Worse: Crypto Dump?
As of a few minutes ago, the US inflation report (CPI) has been released to the public.
In short, on all 4 data points the inflation is worse than expected. Especially the bottom two, inflation excluding food & energy is what the markets hate most.
This CPI report, combined with the bad PPI report yesterday, and the bad job report of last Friday, is in my view the perfect storm that the markets need to see a major sell-off over the coming weeks.
As explained in my analysis below, we're about to see some strong volatility coming our way. My bearish targets are in blue.
In short, on all 4 data points the inflation is worse than expected. Especially the bottom two, inflation excluding food & energy is what the markets hate most.
This CPI report, combined with the bad PPI report yesterday, and the bad job report of last Friday, is in my view the perfect storm that the markets need to see a major sell-off over the coming weeks.
As explained in my analysis below, we're about to see some strong volatility coming our way. My bearish targets are in blue.
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