⏰ U.S. CPI tomorrow (October 14)—the crypto market is holding its breath
$BTC is now trading sideways around 84,000, while $ETH is holding above 2,500. The whole market is waiting for tomorrow’s inflation data.
Why does it matter?
- U.S. Treasury yields have hit a 24-year high, and the dollar is near an 18-month high
- CPI above expectations → rate-hike expectations rise → risk assets come under pressure
- CPI in line with or below expectations → room opens up above 84,000, with 85,000 as the next resistance
82,000 is the make-or-break level for $BTC . It needs to hold for there to be a chance; if it breaks below, the 76,400–80,195 moving-average band is the next stop.
Which way are you betting? After CPI, will $BTC head up to 88,000 or down to 78,000? 👇
#BTC #CPI #Macro
Not investment advice. DYOR
$BTC is now trading sideways around 84,000, while $ETH is holding above 2,500. The whole market is waiting for tomorrow’s inflation data.
Why does it matter?
- U.S. Treasury yields have hit a 24-year high, and the dollar is near an 18-month high
- CPI above expectations → rate-hike expectations rise → risk assets come under pressure
- CPI in line with or below expectations → room opens up above 84,000, with 85,000 as the next resistance
82,000 is the make-or-break level for $BTC . It needs to hold for there to be a chance; if it breaks below, the 76,400–80,195 moving-average band is the next stop.
Which way are you betting? After CPI, will $BTC head up to 88,000 or down to 78,000? 👇
#BTC #CPI #Macro
Not investment advice. DYOR