"All macro indicators suggest that the bottom has not arrived yet. We are currently selling #Bitcoin at $61,500. It is time to position yourself. Do not overleverage in futures, and use only a percentage of your account for the trade." #BTC#Btc#Crypto
HUGE WARNING: ๐จ $BTC dumped -27.74% after the last US CPI print came in hotter than expected.
The April CPI hit +3.8% YoY.
$BTC went from $82K to $60K in 3 weeks.
The next CPI prints tomorrow at 8:30 AM ET.
Consensus forecast: +4.2% YoY.
The highest reading since April 2023.
If it comes in hotter than expected again (Middle East conflict pushing energy prices).
Earlier or more rate hikes back on the table.
Position accordingly.
๐จ BITCOIN IS CRASHING.
Bitcoin just dumped to $61,300 for the first time since 6th February, hitting a new 100-day low.
BTC is now down 25% in just the last 24 days.