đš US CPI IS LIVE - MARKET ON EDGE! đš
The most important data of the week is here and Bitcoin is holding its breath around $83,300.
đ TODAY'S ACTUAL MARKET DATA (Oct 14):
â«ïž China CPI: 0.9% YoY (Below 1.0% forecast) - Weak demand continues
â«ïž US CPI Forecast: 3.6% YoY (Previous 3.4%)
â«ïž Core CPI Forecast: 2.5% YoY
â«ïž Gasoline Impact: $4.34/gallon vs $3.08 last year
đ BITCOIN TECHNICAL SNAPSHOT:
Current Price: $83,212
Support Cluster: $81,000 (50-day MA) - Strongly defended yesterday
Resistance: $84,000 - $84,300 ceiling
Liquidations last 24h: $774 Million (Mostly longs)
Ethereum is even weaker, trading at $2,503 and down 3.93% this week with 10 days of continuous ETF outflows worth ~$2 Billion.
đź TWO SCENARIOS FOR TODAY:
1. BULLISH BREAKOUT:
If CPI comes at 3.5% or below, Fed will not hike on Oct 28.
Confirmation: $BTC 4H close above $84,000
Targets: $85,000 -> $86,700
$ETH Target: $2,580
2. BEARISH FADE:
If CPI comes at 3.7% or above, rate hike fear is back.
Risk Levels: $82,200 -> $81,000 -> $80,970 (Yesterday's low)
If $81K breaks, Altcoins will bleed more.
đ§ MY STRATEGY:
This is NOT the time to gamble.
I am not longing or shorting before the number.
I will wait for 8:30 AM ET candle, let the wicks clear, and only trade the confirmation.
Volatility is a gift, but only if you have patience.
Protect your capital, low leverage, tight stop loss.
Are you waiting like me or already positioned?
Drop your view below đ
#BTC #CPI #Bitcoin #Ethereum #CryptoMarket
The most important data of the week is here and Bitcoin is holding its breath around $83,300.
đ TODAY'S ACTUAL MARKET DATA (Oct 14):
â«ïž China CPI: 0.9% YoY (Below 1.0% forecast) - Weak demand continues
â«ïž US CPI Forecast: 3.6% YoY (Previous 3.4%)
â«ïž Core CPI Forecast: 2.5% YoY
â«ïž Gasoline Impact: $4.34/gallon vs $3.08 last year
đ BITCOIN TECHNICAL SNAPSHOT:
Current Price: $83,212
Support Cluster: $81,000 (50-day MA) - Strongly defended yesterday
Resistance: $84,000 - $84,300 ceiling
Liquidations last 24h: $774 Million (Mostly longs)
Ethereum is even weaker, trading at $2,503 and down 3.93% this week with 10 days of continuous ETF outflows worth ~$2 Billion.
đź TWO SCENARIOS FOR TODAY:
1. BULLISH BREAKOUT:
If CPI comes at 3.5% or below, Fed will not hike on Oct 28.
Confirmation: $BTC 4H close above $84,000
Targets: $85,000 -> $86,700
$ETH Target: $2,580
2. BEARISH FADE:
If CPI comes at 3.7% or above, rate hike fear is back.
Risk Levels: $82,200 -> $81,000 -> $80,970 (Yesterday's low)
If $81K breaks, Altcoins will bleed more.
đ§ MY STRATEGY:
This is NOT the time to gamble.
I am not longing or shorting before the number.
I will wait for 8:30 AM ET candle, let the wicks clear, and only trade the confirmation.
Volatility is a gift, but only if you have patience.
Protect your capital, low leverage, tight stop loss.
Are you waiting like me or already positioned?
Drop your view below đ
#BTC #CPI #Bitcoin #Ethereum #CryptoMarket