We’ve been ranging sideways for days, but the "Macro Friday" data deluge is about to hit. With the shutdown backlog clearing, we get Q4 GDP and PCE at the same time. => Nasdaq/S&P futures slightly red => Market waiting for that inflation print If PCE comes in hot, expect a sweep of the $65k lows. If we cool, $70k is the first stop. Buckle up.
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🐋 WHALE WATCH: $BTC is a coiled spring right now.
We’ve been ranging sideways for days, but the "Macro Friday" data deluge is about to hit. With the shutdown backlog clearing, we get Q4 GDP and PCE at the same time.
=> Nasdaq/S&P futures slightly red
=> Market waiting for that inflation print
If PCE comes in hot, expect a sweep of the $65k lows. If we cool, $70k is the first stop. Buckle up.