US CPI SURPRISE: Can Bitcoin Drop Toward $80K?
First of All October 14 US CPI Data Summary
Actual: 3.7%
Forecast: 3.6%
Previous: 3.4%
US inflation came in hotter than expected, which could affect Fed rate expectations and increase volatility across Bitcoin, altcoins, gold and the US dollar
Higher inflation could make the Fed less likely to cut rates, keeping borrowing costs elevated for longer. If inflation stays persistent, rate hikes could return to market discussions, though another hike is not guaranteed
For crypto, this could mean more selling pressure as traders reassess the Fed’s next move
$BTC /USDT SHORT SETUP
Entry Zone: $83,000–$83,700
TP1: $82,500
TP2: $82,000
TP3: $81,000
TP4: $80,000
Stop Loss: $84,000
After TP1, move Stop Loss to entry
Key Levels to Watch
A rejection from $83,000–$83,700 could open the way toward lower targets. A sustained move above $84,000 would invalidate this short setup
Manage your position size according to your account and Stop Loss distance. Hot CPI doesn't guarantee a Bitcoin dump.... wait for confirmation before entering
Do you think BTC will test $80K, or can buyers defend the current range?
Enter the Trade 👇
#USCPI #FederalReserve #CryptoMarket
First of All October 14 US CPI Data Summary
Actual: 3.7%
Forecast: 3.6%
Previous: 3.4%
US inflation came in hotter than expected, which could affect Fed rate expectations and increase volatility across Bitcoin, altcoins, gold and the US dollar
Higher inflation could make the Fed less likely to cut rates, keeping borrowing costs elevated for longer. If inflation stays persistent, rate hikes could return to market discussions, though another hike is not guaranteed
For crypto, this could mean more selling pressure as traders reassess the Fed’s next move
$BTC /USDT SHORT SETUP
Entry Zone: $83,000–$83,700
TP1: $82,500
TP2: $82,000
TP3: $81,000
TP4: $80,000
Stop Loss: $84,000
After TP1, move Stop Loss to entry
Key Levels to Watch
A rejection from $83,000–$83,700 could open the way toward lower targets. A sustained move above $84,000 would invalidate this short setup
Manage your position size according to your account and Stop Loss distance. Hot CPI doesn't guarantee a Bitcoin dump.... wait for confirmation before entering
Do you think BTC will test $80K, or can buyers defend the current range?
Enter the Trade 👇
#USCPI #FederalReserve #CryptoMarket