Crypto traders, 12:30 PM UTC / 8:30 AM ET could bring major volatility to the market. ๐บ๐ธ๐
The US will release Core PCE inflation data, one of the Federal Reserveโs most closely watched inflation indicators.
The forecast is 0.2% MoM and 3.3% YoY, while the previous monthly reading was 0.1%.
And thatโs not allโฆ
Traders will also get US GDP, GDP Price Index, Durable Goods Orders, Personal Income, and Personal Spending data.
๐ข If the data comes in softer than expected
Lower inflation could reduce pressure on the Fed and improve risk appetite.
โก๏ธ USD weakness
โก๏ธ Rate-cut expectations could increase
โก๏ธ BTC and crypto could get another bullish push ๐
๐ด If the data comes in hotter than expected
Higher inflation could strengthen the USD and put pressure on risk assets.
โก๏ธ USD strength
โก๏ธ Rate-cut expectations could weaken
โก๏ธ BTC could face a sharp pullback โ ๏ธ
๐ฏ My Trader View
DONโT chase the first candle.
Major economic releases can trigger a quick pump or dump, followed by a liquidity sweep in the opposite direction.
Wait for confirmation after the data is released.
12:30 PM UTC = HIGH VOLATILITY ZONE โก
BTC is already showing strong momentum, so todayโs data could become an important catalyst for the next major move.
Watch the reaction, not just the number. ๐
DYOR. Manage risk. Trade smart. ๐ง ๐
#bitcoin #BTC #crypto #CorePCE #cryptotrading $BTC $BTR $BMT
