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๐จ Crypto Market: Waiting for the Next Trigger? ๐จ
Today, PPI (Producer Price Index) data is dropping โ and this could be a key signal for markets! ๐
While CPI surprised markets yesterday with a softer 2.8% (vs expected 2.9%), calming inflation fears a bit, PPI will show if producers are still feeling price pressure.
What does it mean for crypto? ๐
โก๏ธ If PPI is lower than expected โ expect risk-on mood, and crypto could pump! ๐
โก๏ธ If PPI is hotter than expected โ brace for risk-off and possible corrections. ๐ช๏ธ
โ๏ธ Liquidity maps still show clusters of stops and liquidations above key levels โ so any sharp move could trigger liquidations.
Stay sharp โ volatility might surprise today! ๐