🚨 CPI IS OUT — WHAT HAPPENS TO BTC NEXT?
🇺🇸 US CPI data is finally out — and Bitcoin traders are watching closely.
August CPI came in at 3.4% YoY, while Core CPI increased 2.4% YoY. Core CPI also rose 0.3% month-over-month.
The important part now isn't just the number.
It's how Bitcoin reacts to it. 👀
$BTC is trading around the $77K–$78K area, and higher inflation could keep pressure on risk assets if traders expect tighter Fed policy.
I'm watching three things:
🔹 Can BTC reclaim $78K–$80K?
🔹 Does trading volume increase after the CPI reaction?
🔹 Will sellers push BTC toward lower support?
I wouldn't chase the first big candle.
Wait for confirmation. Manage risk.
🔥 What do you think happens next?
🟢 BTC rebounds
🔴 BTC moves lower
Drop your view 👇
$BTC #bitcoin #cpi #crypto #cryptotrading #BinanceSquare
🇺🇸 US CPI data is finally out — and Bitcoin traders are watching closely.
August CPI came in at 3.4% YoY, while Core CPI increased 2.4% YoY. Core CPI also rose 0.3% month-over-month.
The important part now isn't just the number.
It's how Bitcoin reacts to it. 👀
$BTC is trading around the $77K–$78K area, and higher inflation could keep pressure on risk assets if traders expect tighter Fed policy.
I'm watching three things:
🔹 Can BTC reclaim $78K–$80K?
🔹 Does trading volume increase after the CPI reaction?
🔹 Will sellers push BTC toward lower support?
I wouldn't chase the first big candle.
Wait for confirmation. Manage risk.
🔥 What do you think happens next?
🟢 BTC rebounds
🔴 BTC moves lower
Drop your view 👇
$BTC #bitcoin #cpi #crypto #cryptotrading #BinanceSquare