Inflation Falls, Bitcoin Rips. Is the Fed Done Hiking?

Inflation came in lower this morning, and Bitcoin bounced on the print. But core PCE only fell from 3.3% to 3.0% because the BEA changed how it measures prices and revised last month down too, so inflation didn't actually cool. I break down why that's still good news: the Fed now beats its own projection on paper, the odds of no October hike jumped to 65% on CME FedWatch, and the 2-year yield is slowing down while long yields hold up. Then my Bitcoin target for the next three months: 90K, the middle of a range between the 50-week SMA at 78K and resistance near 95K, plus the 87.5K and 93.3K yearly levels and what I do with my altcoins if we get to 90K fast in October. Plus where altcoins really are in the cycle, the Robinhood chain and proof-of-work mining plays I'm watching, and your questions on my World Liberty trade and avoiding the round-trip trap. Live every weekday at 10:00 AM ET. ---------------------------------------------------- All Exchanges and Links ✅ FOMO Social Trading: https://bacon.link/fomo (Follow my real on-chain trades live. Real money on my actual account, so you see exactly what I hold, my size, and my entries) ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 🧰 Toobit Agent Trade Kit (connect an AI agent to the exchange): https://www.toobit.com/agent-tradekit 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Follow my X for Quick Alpha: https://x.com/virtualbacon 📢 Telegram, the daily market briefing and live alerts: https://t.me/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 8 Years of Crypto Trading Advice in 40 Min... Crypto Investing for Beginners, Full Course 👉 Crypto Investing for Beginners 2024 (Full ... ----------------------------------------------------- Chapters 0:00:00 Welcome and Today's Game Plan 0:09:45 Core PCE Revised Down From 3.3% to 3.0% 0:16:53 How the BEA Rewrote Inflation Back to 2021 0:18:57 The Fed Now Beats Its 3.4% Projection on Paper 0:21:28 October Hike Odds Drop From 50% to 34% 0:24:00 Bitcoin Bounces While Gold Slips 0:25:02 Why the Two Year Yield Falls as Long Yields Rise 0:29:04 Why I'm Not Selling With Bitcoin at 83.9K 0:31:44 Bitcoin's Big Quarter and My 90K Target 0:32:46 90K Is the Midpoint of Last Winter's Range 0:36:49 A Bullish Quarter Is Usually Followed by Chop 0:40:22 Next Quarter Range Between 78K and 95K 0:41:24 Bitcoin Has Never Had Two Red Years in a Row 0:42:56 The 87.5K and 93.3K Levels That Decide the Year 0:44:58 My Base Case Is 90K by Year End 0:47:42 Taking Profit If We Hit 90K in October 0:49:44 What Happens If Bitcoin Breaks 94.8K 0:51:54 Altcoins Up 63% While Bitcoin Is Up 50% 0:58:01 What I'm Holding Until Bitcoin Hits 90K 1:01:33 My Robinhood Chain Small Cap Bets 1:05:35 Near and Zcash Ecosystem Plays I Like 1:10:16 Proof of Verifiable Work Could Be the Next Narrative 1:14:50 What Really Happened With My World Liberty Trade 1:22:25 Buy on SafeTrade or Mine It Yourself 1:29:35 How to Avoid Round Tripping This Bull Run 1:31:06 My 125K to 220K Target for This Cycle 1:32:40 Why I Rotate Into Bitcoin Instead of Cash 1:35:11 Closing Thoughts and Next Live Stream ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #BitcoinPrice #BitcoinNews #BitcoinAnalysis #Crypto #CryptoNews #Inflation #Fed #PCE #BuyTheDip #Robinhood #VirtualBacon