🗓 UPCOMING US DATA: CPI at 20:30 on 10/11 (UTC+7)
Tonight is a session crypto traders should keep a close eye on.
US inflation data is coming out soon. As always, crypto prices can swing sharply in the few minutes around the release. Here are the forecasts I'm watching:
🔹 Core Inflation Rate MoM: forecast 0.2%, previous 0.3%
🔹 Core Inflation Rate YoY: forecast 2.8%, previous 2.6%
🔹 Inflation Rate MoM: forecast 0.3%, previous 0.6%
🔹 Inflation Rate YoY: forecast 3.9%, previous 3.7%
📊 HOW THE MARKET TYPICALLY REACTS
- If the figures come in higher than expected: inflation or the economy is still running hot, making it harder for the Fed to cut rates. In that case, the USD tends to strengthen, while BTC and ETH often face short-term pressure.
- If the figures come in lower than expected: markets will anticipate rate cuts more strongly, which is often supportive of crypto.
⚠️ One thing to keep in mind: spreads widen around the release, so it's easy to get stopped out in either direction. Don't open large positions before the announcement. Be patient and wait for the first 5–15-minute candle to close before making a decision. Missing a little opportunity is better than losing your account.
This is a common scenario, not a prediction or investment advice.
📰 Axion News | @axioncryptonews
💬 Which coins are you watching tonight? Leave a comment below. If you found this post useful, like and share it with friends so they can follow along too 👍
#CPI #BTC #Macro #AxionNews
Tonight is a session crypto traders should keep a close eye on.
US inflation data is coming out soon. As always, crypto prices can swing sharply in the few minutes around the release. Here are the forecasts I'm watching:
🔹 Core Inflation Rate MoM: forecast 0.2%, previous 0.3%
🔹 Core Inflation Rate YoY: forecast 2.8%, previous 2.6%
🔹 Inflation Rate MoM: forecast 0.3%, previous 0.6%
🔹 Inflation Rate YoY: forecast 3.9%, previous 3.7%
📊 HOW THE MARKET TYPICALLY REACTS
- If the figures come in higher than expected: inflation or the economy is still running hot, making it harder for the Fed to cut rates. In that case, the USD tends to strengthen, while BTC and ETH often face short-term pressure.
- If the figures come in lower than expected: markets will anticipate rate cuts more strongly, which is often supportive of crypto.
⚠️ One thing to keep in mind: spreads widen around the release, so it's easy to get stopped out in either direction. Don't open large positions before the announcement. Be patient and wait for the first 5–15-minute candle to close before making a decision. Missing a little opportunity is better than losing your account.
This is a common scenario, not a prediction or investment advice.
📰 Axion News | @axioncryptonews
💬 Which coins are you watching tonight? Leave a comment below. If you found this post useful, like and share it with friends so they can follow along too 👍
#CPI #BTC #Macro #AxionNews
