#CPIWatch Update: The Hot Print Is In, and Crypto Is Feeling It ๐ฅ
Inflation came in hotter than expected, so rate-hike fears are back.
๐น CPI: 3.7% yearly vs 3.6% expected. Core: 2.6% vs 2.5%.
๐น Driver: gasoline jumped 9.1%
๐น Reaction: BTC fell to ~$80.8K, $ETH dropped 6.5% to ~$2,353, and gold slid
๐น Fed: October hike odds jumped, and the next FOMC is Oct 27-28
๐น $BTC support at $82.5K-$83.4K is now resistance
What traders should do now:
โ Cut leverage. Macro volatility can liquidate crowded longs fast.
โ Wait for PPI before taking big positions
โ Donโt buy the first bounce below $82.5K
โ Watch $80K as the next key level
โ Small size, stop-loss always
๐ฌ Is this a macro shakeout or the start of a deeper pullback? ๐
โ ๏ธ Not financial advice. DYOR.
#CPIWatch #Bitcoin #Crypto #BinanceSquare #cpiwatch
Inflation came in hotter than expected, so rate-hike fears are back.
๐น CPI: 3.7% yearly vs 3.6% expected. Core: 2.6% vs 2.5%.
๐น Driver: gasoline jumped 9.1%
๐น Reaction: BTC fell to ~$80.8K, $ETH dropped 6.5% to ~$2,353, and gold slid
๐น Fed: October hike odds jumped, and the next FOMC is Oct 27-28
๐น $BTC support at $82.5K-$83.4K is now resistance
What traders should do now:
โ Cut leverage. Macro volatility can liquidate crowded longs fast.
โ Wait for PPI before taking big positions
โ Donโt buy the first bounce below $82.5K
โ Watch $80K as the next key level
โ Small size, stop-loss always
๐ฌ Is this a macro shakeout or the start of a deeper pullback? ๐
โ ๏ธ Not financial advice. DYOR.
#CPIWatch #Bitcoin #Crypto #BinanceSquare #cpiwatch