@sureshnair74 on BTCUSD | PriceONN Community
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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.