Tomorrow night at 21:30, October CPI drops. The month-over-month figure is expected to be +0.3%, with core at +0.2%; the year-over-year figure won’t even be published—the data will basically determine whether rates get raised in December.
Before the market opens tonight, Bitcoin is at 74,800, just a step away from the 200-day moving average at 73,200. The Fear & Greed Index is at 29, its fourth day huddled in fear territory. Nvidia is still down 6% premarket—the leader is taking a hit first.
Put simply, trying to guess the direction on CPI eve is no different from flipping a coin with your eyes closed. I’m sitting this one out tonight and saving my ammo for tomorrow.
What about you? Going all in and holding on, or staying on the sidelines until CPI?
$BTC $NVDA
Before the market opens tonight, Bitcoin is at 74,800, just a step away from the 200-day moving average at 73,200. The Fear & Greed Index is at 29, its fourth day huddled in fear territory. Nvidia is still down 6% premarket—the leader is taking a hit first.
Put simply, trying to guess the direction on CPI eve is no different from flipping a coin with your eyes closed. I’m sitting this one out tonight and saving my ammo for tomorrow.
What about you? Going all in and holding on, or staying on the sidelines until CPI?
$BTC $NVDA
