The latest US inflation data is now in focus, and crypto traders are watching closely. ๐
CPI is one of the key numbers that can influence the Fedโs next move. If inflation comes in softer than expected, markets could start pricing in a more dovish Fed โ potentially giving BTC and risk assets some fuel.
But if CPI comes in hotter than expected, we could see more pressure on crypto as traders reassess rate-cut expectations.
๐ BTC is already sitting around a critical zone.
The question is simple:
Bullish CPI = BTC breakout? ๐ Hot CPI = another pullback? ๐