Breaking Down Bitcoin's Reaction to the CPI News: A Technical View

in #bitcoin2 years ago

Screenshot 2023-02-14 at 3.26.43 PM.png
This was the strangest reaction to bad news. We just had the best unemployment numbers in 50 years and CPI isn’t really come down much at all. We should be coming up on a beating from the Fed in the coming days. This shouldn’t result in a jump. Here’s my interpretation.

https://www.cryptoinfluencers.com/videos/fb1bd9b6-862e-4501-9635-ae18d08635d4

#bitcoin #ethereum #crypto #trading #investing #cryptotrading #cryptocurrency #btc #eth