The headline CPI came in lower than last month, which is positive, but the core CPI came in higher than last month. which indicates that we won’t get a 50bps rate cut next month, and we will likely only see a 25bps cut.

Someone sold a large quantity of BTC on Coinbase Premium through a market order, which caused a sudden price drop and Btc has broken the $61,000 level. And the weekly closing is in the next 3 days. If BTC confirms support above $61,000 before that, it will be positive otherwise, it could create a panic situation for the market.

During the recent dump, we also saw a decline in BTC dominance, which is why alts and ETH didn’t dump as much against BTC.

But the drop in BTC dominance, along with the pump in USDT dominance, indicates that the BTC sold recently has been converted into stablecoin, which haven’t yet been reinvested into the market or alts.

Bitcoin

Btc 4h 📊

Things are slowly getting worse, but…
https://youtu.be/y32B3DBgRkg

BTC reclaims the $61,000 level ☑️

V shape recovery

Bullish Divergence played out well.

Btc 1H 📊

USDT.D

✅ This Major Decision Could Be a Game Changer for Crypto Investors 🚀
https://youtu.be/4SY2SrObzgE