#cpiwatch CPI is out, and this time I’m looking at the market a little differently.
A few months ago, I would probably have looked at this report and immediately asked myself: “Will BTC go up or down?”
But trading has taught me that it’s not always that simple.
During the @BabylonLabs_io campaign, I placed trades and still received 0 trading points many times. I was confused because I thought simply making a trade was enough. After talking to support, I finally understood that PNL was an important part of the picture.
That was a small lesson, but it changed my approach.
Then came the @Dusk campaign. I had both profitable and losing trades, and honestly, not every decision was right. But I started paying much more attention to PNL and, more importantly, to the reason behind each trade. I stopped looking at trading as just a way to collect points and started looking at what the result was actually teaching me.
Now CPI has given us another test.
August headline CPI rose 0.4% month-over-month and 3.4% year-over-year, while core CPI increased 0.3% month-over-month and 2.4% year-over-year. The core monthly figure was above the 0.2% expectation, which is the part I’m watching closely.
The Fed meeting is coming on September 15–16, so this inflation data matters. A hotter inflation picture can keep pressure on the Fed to stay hawkish, which could make things more difficult for risk assets. But I also don’t want to make the mistake of assuming that one economic report automatically tells us BTC’s next move.
My bias right now is cautiously bearish in the short term, but I’m waiting for price confirmation.
I want to watch BTC reaction, Treasury yields and the dollar rather than blindly trading the headline.
That’s probably my biggest lesson from these campaigns:
A trade is not successful just because you placed it. The real lesson comes from understanding why you took it and what happened afterward.
What’s your take after CPI — bullish or bearish on BTC?
#CPIWatch
A few months ago, I would probably have looked at this report and immediately asked myself: “Will BTC go up or down?”
But trading has taught me that it’s not always that simple.
During the @BabylonLabs_io campaign, I placed trades and still received 0 trading points many times. I was confused because I thought simply making a trade was enough. After talking to support, I finally understood that PNL was an important part of the picture.
That was a small lesson, but it changed my approach.
Then came the @Dusk campaign. I had both profitable and losing trades, and honestly, not every decision was right. But I started paying much more attention to PNL and, more importantly, to the reason behind each trade. I stopped looking at trading as just a way to collect points and started looking at what the result was actually teaching me.
Now CPI has given us another test.
August headline CPI rose 0.4% month-over-month and 3.4% year-over-year, while core CPI increased 0.3% month-over-month and 2.4% year-over-year. The core monthly figure was above the 0.2% expectation, which is the part I’m watching closely.
The Fed meeting is coming on September 15–16, so this inflation data matters. A hotter inflation picture can keep pressure on the Fed to stay hawkish, which could make things more difficult for risk assets. But I also don’t want to make the mistake of assuming that one economic report automatically tells us BTC’s next move.
My bias right now is cautiously bearish in the short term, but I’m waiting for price confirmation.
I want to watch BTC reaction, Treasury yields and the dollar rather than blindly trading the headline.
That’s probably my biggest lesson from these campaigns:
A trade is not successful just because you placed it. The real lesson comes from understanding why you took it and what happened afterward.
What’s your take after CPI — bullish or bearish on BTC?
#CPIWatch
