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Week ahead: CPI could decide the next move for crypto
Where we are (Sunday):
$BTC ~$83.1K (+0.3%) | $ETH ~$2,501 (+0.3%) | $BNB ~$748 (-0.1%)
After falling four days in a row last week to a one-month low near $80K, the market has stabilized, and the weekend has been quiet.
Why CPI matters:
đč The market expects the Fed to hold at its Oct 27-28 meeting, with the odds of an October hike low
đč Some Fed officials have still floated another hike before year-end if inflation stays high
đč A soft CPI could lift risk assets, while a hot one could trigger another selloff
Also on my radar:
đ Thailandâs crypto ETF rules start Oct 16
đŠ Moscow Exchange plans direct BTC/ETH trading from Dec 1
đ Tokenized stocks keep expanding, with Securitize planning Apple, NVIDIA and Microsoft tokens on Solana
Levels: BTC is testing resistance at $83K-$83.5K. A clean break puts $87K back in play, while last weekâs low near $80K is the key support.
My plan: stay light on leverage into the data, and let the CPI print set direction.
Whatâs your CPI trade: hedge, wait, or buy the dip? đ
#Bitcoin #BTC #BNB #CryptoNews #CPI
Not financial advice. DYOR.
$BTC
Where we are (Sunday):
$BTC ~$83.1K (+0.3%) | $ETH ~$2,501 (+0.3%) | $BNB ~$748 (-0.1%)
After falling four days in a row last week to a one-month low near $80K, the market has stabilized, and the weekend has been quiet.
Why CPI matters:
đč The market expects the Fed to hold at its Oct 27-28 meeting, with the odds of an October hike low
đč Some Fed officials have still floated another hike before year-end if inflation stays high
đč A soft CPI could lift risk assets, while a hot one could trigger another selloff
Also on my radar:
đ Thailandâs crypto ETF rules start Oct 16
đŠ Moscow Exchange plans direct BTC/ETH trading from Dec 1
đ Tokenized stocks keep expanding, with Securitize planning Apple, NVIDIA and Microsoft tokens on Solana
Levels: BTC is testing resistance at $83K-$83.5K. A clean break puts $87K back in play, while last weekâs low near $80K is the key support.
My plan: stay light on leverage into the data, and let the CPI print set direction.
Whatâs your CPI trade: hedge, wait, or buy the dip? đ
#Bitcoin #BTC #BNB #CryptoNews #CPI
Not financial advice. DYOR.
$BTC