Crypto traders, 12:30 PM UTC / 8:30 AM ET could bring major volatility to the market. đșđžđ
The US will release Core PCE inflation data, one of the Federal Reserveâs most closely watched inflation indicators.
The forecast is 0.2% MoM and 3.3% YoY, while the previous monthly reading was 0.1%.
And thatâs not allâŠ
Traders will also get US GDP, GDP Price Index, Durable Goods Orders, Personal Income, and Personal Spending data.
đą If the data comes in softer than expected
Lower inflation could reduce pressure on the Fed and improve risk appetite.
âĄïž USD weakness
âĄïž Rate-cut expectations could increase
âĄïž BTC and crypto could get another bullish push đ
đŽ If the data comes in hotter than expected
Higher inflation could strengthen the USD and put pressure on risk assets.
âĄïž USD strength
âĄïž Rate-cut expectations could weaken
âĄïž BTC could face a sharp pullback â ïž
đŻ My Trader View
DONâT chase the first candle.
Major economic releases can trigger a quick pump or dump, followed by a liquidity sweep in the opposite direction.
Wait for confirmation after the data is released.
12:30 PM UTC = HIGH VOLATILITY ZONE âĄ
BTC is already showing strong momentum, so todayâs data could become an important catalyst for the next major move.
Watch the reaction, not just the number. đ
DYOR. Manage risk. Trade smart. đ§ đ
#bitcoin #BTC #crypto #CorePCE #cryptotrading $BTC $BTR $BMT
