🚨 Bitcoin: The Fed Might Not Be Done Hiking

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The video discusses recent inflation data, noting that CPI rose 3.7% year-over-year and PPI jumped 6.3% year-over-year, both hotter than expected. This data is impacting markets, with Bitcoin experiencing liquidations and a drop below $81,500, now trading near a key support level at the 50-day EMA around $80,300. The S&P 500 and Nasdaq also showed weakness, closing down 1.2% and 2% respectively. The 10-year Treasury yield, however, saw a significant spike, reaching 5.043%, which suggests a potential continued move downwards for yields. The analysis suggests that while short-term pain is evident, the broader picture of increasing debt and rising rates is creating headwinds for the market. The upcoming Fed decision on October 28th is a critical point to watch, with current probabilities showing a slight lean towards no change in rates, but market participants are watching closely. The strategy discussed involves deciding on a savings percentage for future raises or bonuses now, setting it up to happen automatically, and choosing to invest rather than save in cash for potentially better long-term returns.

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