Incase you forget, let me remind you 🙂🤝
The US CPI data for October is scheduled for today , with a forecast of 3.9% against the previous reading of 3.7%.
The release is scheduled for 13:30 UTC (8:30 AM ET), and the actual number is still pending.
Polymarket is showing around a 45% chance of monthly CPI at 0.2% and 42% at 0.3%, while Kalshi prices a 59% chance of CPI coming above 0.2%
If inflation comes in hotter than expected, Bitcoin and altcoins could face selling pressure as expectations for higher interest rates increase
If CPI comes in below expectations, we could see a relief rally, with BTC and other risk assets gaining momentum.
My advice to crypto traders is to avoid entering large positions before the announcement and wait for the initial volatility to settle
Watch BTC support and resistance, DXY, US Treasury yields and volume before taking a trade.
Remember, the market can move in either direction, so protect your capital and use proper stop losses.
$BTC $PIEVERSE #Write2Earn #CPITestsDecemberRateOutlook $JCT
The US CPI data for October is scheduled for today , with a forecast of 3.9% against the previous reading of 3.7%.
The release is scheduled for 13:30 UTC (8:30 AM ET), and the actual number is still pending.
Polymarket is showing around a 45% chance of monthly CPI at 0.2% and 42% at 0.3%, while Kalshi prices a 59% chance of CPI coming above 0.2%
If inflation comes in hotter than expected, Bitcoin and altcoins could face selling pressure as expectations for higher interest rates increase
If CPI comes in below expectations, we could see a relief rally, with BTC and other risk assets gaining momentum.
My advice to crypto traders is to avoid entering large positions before the announcement and wait for the initial volatility to settle
Watch BTC support and resistance, DXY, US Treasury yields and volume before taking a trade.
Remember, the market can move in either direction, so protect your capital and use proper stop losses.
$BTC $PIEVERSE #Write2Earn #CPITestsDecemberRateOutlook $JCT
