Will CPI Trigger a Rate Hike? #CPIWatch
CPI is out, but will it trigger a rate hike? I’m not rushing into a BTC trade.
August CPI came in at 3.4% YoY and 0.4% MoM.
Core CPI was 2.4% YoY and 0.3% MoM — and that 0.3% monthly core number is the part I’m paying more attention to.
The first thing I used to ask after data like this was:
“Is BTC going up or down?”
Now I ask a different question:
“How is the market reacting to the data?”
A hotter-than-expected core reading can keep pressure on the Fed, which isn’t exactly the easiest setup for risk assets.
But I don’t want to trade the headline alone.
For me, the next things to watch are: • BTC price reaction
• Dollar strength
• Treasury yields
• Whether the initial move actually holds
My short-term bias is cautiously bearish, but I’m waiting for confirmation rather than forcing a trade.
CPI gives us information.
Price action tells us how the market interprets it.
So what are you seeing after CPI?
Bullish or bearish on BTC?
#CPIWatch code block mn.kr do $BNB
$SOL
$BTC
CPI is out, but will it trigger a rate hike? I’m not rushing into a BTC trade.
August CPI came in at 3.4% YoY and 0.4% MoM.
Core CPI was 2.4% YoY and 0.3% MoM — and that 0.3% monthly core number is the part I’m paying more attention to.
The first thing I used to ask after data like this was:
“Is BTC going up or down?”
Now I ask a different question:
“How is the market reacting to the data?”
A hotter-than-expected core reading can keep pressure on the Fed, which isn’t exactly the easiest setup for risk assets.
But I don’t want to trade the headline alone.
For me, the next things to watch are: • BTC price reaction
• Dollar strength
• Treasury yields
• Whether the initial move actually holds
My short-term bias is cautiously bearish, but I’m waiting for confirmation rather than forcing a trade.
CPI gives us information.
Price action tells us how the market interprets it.
So what are you seeing after CPI?
Bullish or bearish on BTC?
#CPIWatch code block mn.kr do $BNB
$SOL
$BTC