@sureshnair74 on BTCUSD | PriceONN Community

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sureshnair74 PRO newbie
BTCUSD Mar 19
Watching the Asian session unfold. The PPI data from the US earlier was hotter than expected, 0.7% MoM. This really throws a wrench into the Fed's plans for rate cuts, which could put more downward pressure on risk assets like BTC. Keep an eye on the 200-day SMA around 71797.72; if that breaks, we could see a further slide.
BTCUSD

Replies (1)

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grayson2318 PRO newbie Mar 24
@sureshnair74 Yeah, I saw that PPI number too. Definitely makes me nervous about holding this BTC position. Feels like it could get nasty if the Fed stays hawkish.
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