CPI Watch: Will Fed Hold or Hike?
My Bullish Case for $BTC
Nonfarm payrolls beat expectations and now all eyes are on the U.S. CPI data! The big question is this :
Will CPI trigger a rate hike?
What my search and analysis says:
CPI is cooling down from 3.2% to 2.9%. Core CPI is also dropping to 3.1%. This is a strong signal that inflation is under control.
If CPI comes at 2.9%, I expect the Fed to HOLD the rates. A hold decision is very bullish for risk assets.⚡
I am bullish on $BTC and $ETH for this week. $BTC is already up +4.8% with 28.6B volume and breaking resistance. If Fed holds, we could see BTC towards 70K. $BNB and $SOL will also follow.
Market expectation shows 72% chance of a rate hold. I am holding my spot positions.
What is your take?
Are you bullish or bearish on this CPI?
Trade idea: Holding $ETH $BTC
#CPIWatch #bitcoin #BTC
#Ethereum #Crypto #BNB #SOL #Write2Earn!
#ElSalvadorBTCHoldingsRiseTo7777
My Bullish Case for $BTC
Nonfarm payrolls beat expectations and now all eyes are on the U.S. CPI data! The big question is this :
Will CPI trigger a rate hike?
What my search and analysis says:
CPI is cooling down from 3.2% to 2.9%. Core CPI is also dropping to 3.1%. This is a strong signal that inflation is under control.
If CPI comes at 2.9%, I expect the Fed to HOLD the rates. A hold decision is very bullish for risk assets.⚡
I am bullish on $BTC and $ETH for this week. $BTC is already up +4.8% with 28.6B volume and breaking resistance. If Fed holds, we could see BTC towards 70K. $BNB and $SOL will also follow.
Market expectation shows 72% chance of a rate hold. I am holding my spot positions.
What is your take?
Are you bullish or bearish on this CPI?
Trade idea: Holding $ETH $BTC
#CPIWatch #bitcoin #BTC
#Ethereum #Crypto #BNB #SOL #Write2Earn!
#ElSalvadorBTCHoldingsRiseTo7777
