๐จ BITCOIN HAS A BIG TEST TODAY โ AND ITโS NOT A CHART
Forget the noise for a moment.
U.S. CPI is coming today. ๐บ๐ธ
And this number could move Bitcoin, Nasdaq, Treasury yields and the dollar at the same time.
Yesterday, U.S. PPI came in hot:
๐ PPI: +5.4% YoY
๐ข๏ธ Oil remains elevated
๐ 10Y Treasury yield: around 4.94%
๐ Nasdaq & S&P 500 have been under pressure
Today, the market expects:
๐ฏ Headline CPI: around 3.4% YoY
๐ฏ Core CPI: around 2.4% YoY
So here is the game plan ๐
๐ข If CPI comes in LOWER than expected:
Lower yields โ weaker dollar โ stronger rate-cut expectations โ potential boost for BTC & risk assets.
๐ด If CPI comes in HOTTER than expected:
Higher yields โ stronger dollar โ Fed stays restrictive โ potential pressure on BTC.
๐ก If CPI matches expectations:
The reaction could depend heavily on Treasury yields and the Fedโs next move.
๐ฏ My key view:
Donโt trade the headline.
Watch the reaction.
If Bitcoin rises while yields fall, that could be a powerful bullish signal.
If Bitcoin rises but yields continue climbing, I would be much more cautious.
Macro โ Liquidity โ Bitcoin.
๐ What is your prediction BEFORE CPI?
๐ข BTC > $80K
๐ด BTC < $75K
๐ก $75Kโ$80K
Follow me for daily Macro โ Crypto analysis.
#bitcoin #BTC #crypto #CryptoMarket #CPI #Inflation #Fed #NASDAQ #WallStreet #MarketAnalysis #trading #Ethereum
Forget the noise for a moment.
U.S. CPI is coming today. ๐บ๐ธ
And this number could move Bitcoin, Nasdaq, Treasury yields and the dollar at the same time.
Yesterday, U.S. PPI came in hot:
๐ PPI: +5.4% YoY
๐ข๏ธ Oil remains elevated
๐ 10Y Treasury yield: around 4.94%
๐ Nasdaq & S&P 500 have been under pressure
Today, the market expects:
๐ฏ Headline CPI: around 3.4% YoY
๐ฏ Core CPI: around 2.4% YoY
So here is the game plan ๐
๐ข If CPI comes in LOWER than expected:
Lower yields โ weaker dollar โ stronger rate-cut expectations โ potential boost for BTC & risk assets.
๐ด If CPI comes in HOTTER than expected:
Higher yields โ stronger dollar โ Fed stays restrictive โ potential pressure on BTC.
๐ก If CPI matches expectations:
The reaction could depend heavily on Treasury yields and the Fedโs next move.
๐ฏ My key view:
Donโt trade the headline.
Watch the reaction.
If Bitcoin rises while yields fall, that could be a powerful bullish signal.
If Bitcoin rises but yields continue climbing, I would be much more cautious.
Macro โ Liquidity โ Bitcoin.
๐ What is your prediction BEFORE CPI?
๐ข BTC > $80K
๐ด BTC < $75K
๐ก $75Kโ$80K
Follow me for daily Macro โ Crypto analysis.
#bitcoin #BTC #crypto #CryptoMarket #CPI #Inflation #Fed #NASDAQ #WallStreet #MarketAnalysis #trading #Ethereum