Reversal or more dump?
The #PCE inflation data will be released today at 5 PM. This data has the potential to halt the declines of the past few days.
We have three possible scenarios:
First Scenario: If the data comes in lower than market expectations, it will put a brake on the recent declines and might even lead to short-term growth.
Second Scenario: If the data is higher than market expectations, crypto will decline, and the extent of the drop will depend on how much higher the data is.
Third Scenario: If the data matches expectations, the details of the report must be analyzed to get a clearer view of the market trend.
More info on ideas
#SorooshX #SSE #Federal #inflation #economy #bitcoin

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