Bitcoin (BTC) shrugged his arms at Wall Street’s profits of March 13, when the US inflation markers were still falling.
BTC/1-hour chart. Source: Cointelegraph/TradingView
Good news is bad news? Bitcoin follows lower supplies
Data from CointeLraph Markets Pro i TradingView He showed BTC/USD circulation by USD 81,500, a decrease by 2.3% during the day.
February Printing of the manufacturer’s price index (PPI) obtained the median expectations below, copying the results of the consumer price indicator (CPI) from the previous day.
“In an unresolved basis, the final demand indicator increased by 3.2 percent for 12 months ended in February”,, ” accompanying press release from the American Bureau of Labor Statistics (BLS).
“In February, the price escalate for goods for the final demand was balanced by a 0.2 percent of the index drop for final services.”
US PPI 1-month change. Source: BLS
Already a double wind for cryptographic and risks, cooling inflation also stopped reflection in American dollars, according to the American dollar index (DXY).
American dollar index (DXY) 1-hour chart. Source: Cointelegraph/TradingView
Despite this, both shares and Crypto remained unmoved, conducting trade resources of the Kobeissi letter to connect in the ongoing trade war in the USA.
“As we have seen, the market had a very muted response to inflationary data that would previously send S&P 500 more sharply,” he wrote parts Latest analysis on x
“Why is it so? These data give President Trump a reason to continue to do what he is doing now. “
S&P 500 1-hour chart. Source: Cointelegraph/TradingView
Kobeissi explained that Trader’s war efforts can now intensify, given the slowdown in inflation.
“That is why markets do not regain losses of one of the best inflation data for months,” he continued, suggesting that traders should “fasten to greater volatility.”
A week before the next decision of the Federal Reserve of the Federal Reserve, market expectations regarding financial relief remained similarly ruthless, with a chance to reduce only 1%, for data from the CME group Fedwatch tool. The chances of the Fed Fed meeting on May amounted to 28%.
Powered probability of the target rate. Source: CME Group
“Fed has already decided: a enduring course, without this FOMC. Powell explained it last week, “a popular cryptographic trader Josh Rager he said X observers at the beginning of the week, referring to the last speech of the Fed Chairman Jerome Powell.
“Rate reduction? More likely in May/June, not March. “
Btc price inertia leaves intact a key resistance
The Bitcoins price was therefore located between the purchase bands and the liquidity of the sale of books on exchange orders, with a 200-day straight movable average (SMA) as resistance.
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For Keith Alan, a co -founder of commercial material indicators, this trend, which usually functions as support during Bitcoin Bull markets, was the closest important level to recover.
“Bitcoin is in the face of forceful resistance in the 200-day master’s degree on the fourth day in a row”, summarized on X.
Referring to its own commercial tools of material indicators, Alan stated that such recovery was unlikely on the day, despite the surprise catalysts in the form of ads of the US government.
1-day BTC/USD chart. Source: Keith Alan/X.
Meanwhile, resource monitoring data Kinglas He showed the key growth resistance focused directly below $ 85,000.
Thermal map of BTC liquidation (screenshot). Source: Coumingss
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
