⏳ Crypto jumps into CPI week: 3 scenarios for Wednesday’s inflation print
Where we are (Monday):
$BTC ~$84.1K (+1.3%) | $ETH ~$2,571 (+2.8%)
Bitcoin has pushed above $83.5K, the resistance it was stuck under last week, and Ether is leading the move.
The setup:
🔹 The Fed hiked in September, its first hike since 2023
🔹 Wednesday’s CPI (Oct 14) is the last reading before the Oct 27-28 Fed meeting, with headline inflation expected near 3.7%
🔹 Spot Bitcoin ETFs were still down about $679M over five days into the weekend, so the rally hasn’t yet been matched by strong fund inflows
Three scenarios:
🟢 Softer CPI: hike fears ease, and BTC could extend toward $87K
⚪ In line: consolidation above $83.5K, with that level now acting as support
🔴 Hotter CPI: the move could reverse, and a loss of $83.5K puts $80K back in play
Also this week: PPI on Thursday and Thailand’s crypto ETF rules on Oct 16.
My plan: respect the rally, but keep leverage low until the print. Data days can flush both sides.
Which scenario are you betting on? 👇
#Bitcoin #BTC #ETH #CPI #CryptoNews
Not financia advice. DYOR.
$BTC
Where we are (Monday):
$BTC ~$84.1K (+1.3%) | $ETH ~$2,571 (+2.8%)
Bitcoin has pushed above $83.5K, the resistance it was stuck under last week, and Ether is leading the move.
The setup:
🔹 The Fed hiked in September, its first hike since 2023
🔹 Wednesday’s CPI (Oct 14) is the last reading before the Oct 27-28 Fed meeting, with headline inflation expected near 3.7%
🔹 Spot Bitcoin ETFs were still down about $679M over five days into the weekend, so the rally hasn’t yet been matched by strong fund inflows
Three scenarios:
🟢 Softer CPI: hike fears ease, and BTC could extend toward $87K
⚪ In line: consolidation above $83.5K, with that level now acting as support
🔴 Hotter CPI: the move could reverse, and a loss of $83.5K puts $80K back in play
Also this week: PPI on Thursday and Thailand’s crypto ETF rules on Oct 16.
My plan: respect the rally, but keep leverage low until the print. Data days can flush both sides.
Which scenario are you betting on? 👇
#Bitcoin #BTC #ETH #CPI #CryptoNews
Not financia advice. DYOR.
$BTC