August CPI is giving BTC another macro factor to deal with.
Headline CPI came in at 3.4% YoY, right on expectations.
The interesting part is core CPI at 0.3% MoM vs 0.2% expected.
That may not sound like a huge difference, but when the market is watching rate cuts, small surprises can matter.
If rate expectations stay higher, DXY could remain strong and BTC could feel some pressure.
I’m not rushing to pick a direction though. I’d rather watch the reaction first.
I’ll be keeping an eye on $BTC and DXY on BingX TradFi.
Do you think $BTC shrugs this off, or does this give the bears another reason to push?
#CPI #BingX #Bitcoin
Headline CPI came in at 3.4% YoY, right on expectations.
The interesting part is core CPI at 0.3% MoM vs 0.2% expected.
That may not sound like a huge difference, but when the market is watching rate cuts, small surprises can matter.
If rate expectations stay higher, DXY could remain strong and BTC could feel some pressure.
I’m not rushing to pick a direction though. I’d rather watch the reaction first.
I’ll be keeping an eye on $BTC and DXY on BingX TradFi.
Do you think $BTC shrugs this off, or does this give the bears another reason to push?
#CPI #BingX #Bitcoin
