If you're still treating every CPI print like a binary event for your portfolio, stop now.
Too many traders lose money by FOMO buying into $BTC right after the data drops or panic exiting $ETH positions without waiting for the dust to settle. It leads to buying tops and selling bottoms around these macro events.
US CPI printed at 3.4%, right in line with the 3.4% forecast. That takes the surprise factor off the table.
On one side, some argue this keeps the Fed in tightening mode since inflation remains elevated above target. On the other, matching expectations signals no need for further aggressive action, which historically supports risk assets.
I land on the second view. When data comes in as expected, $BTC often finds a bid as traders stop guessing and start positioning for the next move.
Where do you think this goes from here?
#CPI #Bitcoin #Ethereum
Too many traders lose money by FOMO buying into $BTC right after the data drops or panic exiting $ETH positions without waiting for the dust to settle. It leads to buying tops and selling bottoms around these macro events.
US CPI printed at 3.4%, right in line with the 3.4% forecast. That takes the surprise factor off the table.
On one side, some argue this keeps the Fed in tightening mode since inflation remains elevated above target. On the other, matching expectations signals no need for further aggressive action, which historically supports risk assets.
I land on the second view. When data comes in as expected, $BTC often finds a bid as traders stop guessing and start positioning for the next move.
Where do you think this goes from here?
#CPI #Bitcoin #Ethereum
