๐จ BATTLE LINE: $BTC BEFORE THE CPI DATA & A CRITICAL MOMENT FOR THE MARKET! โก๏ธ๐
All eyes in crypto and Wall Street are focused on today as the October US CPI & Core CPI data is released. Combined with a busy week of Fed speeches and PPI data on Friday, this will drive the next major market trend.
๐ Quick Technical Snapshot:
๐After a sharp drop down to test the $73,333 area, $BTC is currently trading around $74,206, trying to build a support base.
๐The 6-period RSI is sitting at a sensitive 36.9, showing a fierce battle between buyers and sellers right around this psychological support level.
โ ๏ธ Risk Management Tip: Inflation data can easily trigger heavy volatility in both directions. Avoid high leverage, protect your capital, and wait for a clear market direction!
๐ WHERE WILL BTC GO AFTER THE CPI DATA TONIGHT?
๐ Vote for your view below and drop your trading strategy in the comments! ๐
โก Trade smartly and manage your risk with me on Binance Futures:
All eyes in crypto and Wall Street are focused on today as the October US CPI & Core CPI data is released. Combined with a busy week of Fed speeches and PPI data on Friday, this will drive the next major market trend.
๐ Quick Technical Snapshot:
๐After a sharp drop down to test the $73,333 area, $BTC is currently trading around $74,206, trying to build a support base.
๐The 6-period RSI is sitting at a sensitive 36.9, showing a fierce battle between buyers and sellers right around this psychological support level.
โ ๏ธ Risk Management Tip: Inflation data can easily trigger heavy volatility in both directions. Avoid high leverage, protect your capital, and wait for a clear market direction!
๐ WHERE WILL BTC GO AFTER THE CPI DATA TONIGHT?
๐ Vote for your view below and drop your trading strategy in the comments! ๐
โก Trade smartly and manage your risk with me on Binance Futures:
๐ Strong Pump 75K+
๐ฉธ Deep Dump below 73K
๐ฆ Sideway / Choppy
4 hr(s) left