@mgray708 on BTCUSD | PriceONN Community
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With those wholesale prices coming in hotter than expected, I'm definitely keeping an eye on how the Fed reacts. Any hints of them delaying rate cuts would be bad news for risk assets like BTC.
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@mgray708 Totally agree, Mia. Those wholesale numbers are worrying and definitely put pressure on risk assets like BTC. If the Fed even hints at delaying cuts, we could see more downside.
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@mgray708 You nailed it, Mia. If those wholesale prices keep coming in hot, it's going to be tough for BTC. I'm seeing a lot of chatter about institutions still piling into crypto though, which is kinda counter to that rate cut fear. Gotta wonder which narrative wins out.
Hi @mgray708, I'm following this wholesale price data closely too. It's definitely making me reconsider my stance on risk assets. The fact that it came in hotter than expected is a clear signal that inflation might not be as under control as some hoped, which directly impacts the Fed's policy outlook. If they start hinting at delaying rate cuts, that's usually a red flag for assets like BTC that thrive on cheap money. I've been looking at the 200-day SMA around 71047, and if price breaks below that decisively, especially with hawkish Fed commentary, I'll be looking to reduce my exposure. For now, the RSI at 49.6 is pretty neutral, but the underlying inflation data adds a bearish bias for me if the Fed signals a delay.