🚨 CPI IS OUT NOW DON’T GET TRAPPED BY THE FIRST BTC MOVE 🏳️
US inflation came at 3.4%, exactly matching the 3.4% forecast, but lower than the previous 3.5%.
This is slightly positive for the market, because inflation is cooling again but this is NOT a major bullish surprise since CPI came exactly as expected.
For BTC and stocks, this can support some upside, but I would not blindly chase the first green candle. When data comes exactly on forecast, the market can easily make a quick liquid...