everyone thinks a stable cpi print is bullish for $btc but actually these events often dump the market instead.
ngl getting wrecked on fomo buys after inflation data is a classic way to lose money. you ape in thinking the news is good then watch it reverse.
the august cpi report just dropped with headline inflation holding steady at 3.4% yoy. following the release $btc saw a brief dip from the 77,200 area down toward 76,063.
$eth got hit similarly and even $sol traders felt the squeeze in this real example. it shows why you gotta be careful not to overtrade these prints.
anyone else seeing this pattern? where do you think this goes from here?
#cpi #bitcoin #macro
ngl getting wrecked on fomo buys after inflation data is a classic way to lose money. you ape in thinking the news is good then watch it reverse.
the august cpi report just dropped with headline inflation holding steady at 3.4% yoy. following the release $btc saw a brief dip from the 77,200 area down toward 76,063.
$eth got hit similarly and even $sol traders felt the squeeze in this real example. it shows why you gotta be careful not to overtrade these prints.
anyone else seeing this pattern? where do you think this goes from here?
#cpi #bitcoin #macro
