
yeamanlangill874
@yeamanlangill874
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The latest US CPI data, exceeding expectations with a rise, suggests persistent inflation, potentially pressuring risk assets like Bitcoin (BTC). Over the next week, BTC may face volatility, with a possible downward trend if inflationary fears reduce rate cut hopes. The MACD indicator, currently showing a bearish crossover below the signal line, signals weakening momentum, favoring a sell. Similarly, the RSI, hovering near neutral (e.g., 50), indicates neither overbought nor oversold conditions but could dip below 40 if selling intensifies. Expect BTC to test support levels around $80,000 unless bullish catalysts emerge. 0 reply
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