Go gogo go SHORT ?! $MELANIA $ETH $SPCXB
Exactly at 8:30 New York time, the BLS drops July CPI, and half of crypto Twitter is praying harder right now than in church on Easter.
The market expects headline at 3.4% year over year and core at 2.5%. Sounds almost boring, right? Wrong. Oil jumped 21% in July because of the Iran war, and forecasts range anywhere from 3.2% to 4.1%, that's not a forecast, that's coffee ground fortune telling with a bank's logo slapped on it.
If the number runs hot, Warsh gets his green light for a September hike, and every 20x long gets vaporized live on the chart. If it runs cold, the market rips upward, and everyone who closed out "just in case" yesterday sits in the chat crying and refreshing the candle ten times a minute.
The smartest trade for the next twenty minutes is closing the laptop and making coffee. Nobody's actually going to do that though, are they?
Who's opening a position right before the print, and who's sitting in cash watching everyone else burn?
Not financial advice, just the circus we all keep coming back for.
#CPI #Fed #Crypto
Exactly at 8:30 New York time, the BLS drops July CPI, and half of crypto Twitter is praying harder right now than in church on Easter.
The market expects headline at 3.4% year over year and core at 2.5%. Sounds almost boring, right? Wrong. Oil jumped 21% in July because of the Iran war, and forecasts range anywhere from 3.2% to 4.1%, that's not a forecast, that's coffee ground fortune telling with a bank's logo slapped on it.
If the number runs hot, Warsh gets his green light for a September hike, and every 20x long gets vaporized live on the chart. If it runs cold, the market rips upward, and everyone who closed out "just in case" yesterday sits in the chat crying and refreshing the candle ten times a minute.
The smartest trade for the next twenty minutes is closing the laptop and making coffee. Nobody's actually going to do that though, are they?
Who's opening a position right before the print, and who's sitting in cash watching everyone else burn?
Not financial advice, just the circus we all keep coming back for.
#CPI #Fed #Crypto