Guys, when today’s CPI data came out, my heart skipped a beat! Bitcoin plunged straight from around 84k to roughly 81.5k. Long positions got liquidated wave after wave. Watching that candle chart crash like a waterfall was both painful and exciting. That’s how thrilling this market is—a real love-hate relationship.
Let’s get into the details. U.S. CPI rose to 3.7% year over year in September, a little above economists’ forecast of 3.6%. Month over month, it was up 0.6%, while core CPI rose 0.3% month over month, also above expectations, bringing the annualized rate to 2.6%. High oil prices were the main driver, with gasoline prices rising significantly and pushing overall inflation higher. The market immediately raised the odds of a Fed rate hike at its next meeting, from previously low levels to over 40%. Bond yields jumped, and risk assets across the board took a hit. The crypto market saw a lot of liquidations over 24 hours, mostly on long positions, with volatility in the tens of billions of dollars. BTC fell below 82k, hitting a low around 81.3k, and ETH also pulled back.
But don’t panic, guys! Saylor is still saying we’re in the early stages of a bull market and that headwinds are turning into tailwinds, while companies keep buying aggressively. Strive recently bought another 2,000-plus BTC, bringing its holdings to a record high—above MARA’s. Macro volatility is normal. There’s strong support around 80k, where prices have bounced several times before. Resistance is at 84k; a breakout could spark another rally. After the liquidations, leverage is lower and the market is healthier.
Trading tips: Don’t blindly chase shorts in the short term. You could scale into spot buys around 81k–81.5k, with a strict stop-loss below 80k—don’t let a losing position ride. If you trade futures, use BTCUSDT for swing trades, keep leverage below 5x, and watch out for liquidation risk. You could wait for a pullback before entering. ETH has also fallen, so keep an eye out for opportunities tied to its correlation with BTC. In the long run, institutional adoption is accelerating. Things like Russian banks and Kraken buying a bank are positive developments. This pullback is an opportunity—don’t get spooked out of the market.
$BTC $ETH $BNB
Tap the follow button, and you’ll get the next update sooner!!
Let’s get into the details. U.S. CPI rose to 3.7% year over year in September, a little above economists’ forecast of 3.6%. Month over month, it was up 0.6%, while core CPI rose 0.3% month over month, also above expectations, bringing the annualized rate to 2.6%. High oil prices were the main driver, with gasoline prices rising significantly and pushing overall inflation higher. The market immediately raised the odds of a Fed rate hike at its next meeting, from previously low levels to over 40%. Bond yields jumped, and risk assets across the board took a hit. The crypto market saw a lot of liquidations over 24 hours, mostly on long positions, with volatility in the tens of billions of dollars. BTC fell below 82k, hitting a low around 81.3k, and ETH also pulled back.
But don’t panic, guys! Saylor is still saying we’re in the early stages of a bull market and that headwinds are turning into tailwinds, while companies keep buying aggressively. Strive recently bought another 2,000-plus BTC, bringing its holdings to a record high—above MARA’s. Macro volatility is normal. There’s strong support around 80k, where prices have bounced several times before. Resistance is at 84k; a breakout could spark another rally. After the liquidations, leverage is lower and the market is healthier.
Trading tips: Don’t blindly chase shorts in the short term. You could scale into spot buys around 81k–81.5k, with a strict stop-loss below 80k—don’t let a losing position ride. If you trade futures, use BTCUSDT for swing trades, keep leverage below 5x, and watch out for liquidation risk. You could wait for a pullback before entering. ETH has also fallen, so keep an eye out for opportunities tied to its correlation with BTC. In the long run, institutional adoption is accelerating. Things like Russian banks and Kraken buying a bank are positive developments. This pullback is an opportunity—don’t get spooked out of the market.
$BTC $ETH $BNB
Tap the follow button, and you’ll get the next update sooner!!