#CPIWatch
The market is unusually quiet ahead of CPI, and that usually means volatility is loading.
A hotter CPI could strengthen the dollar and yields, putting pressure on BTC and altcoins. A softer number could give bulls the momentum they’ve been waiting for.
But I’m not trying to predict the number. I’m watching the reaction.
Does BTC hold support? Does the move come with real volume? Does the first candle hold or completely reverse?
CPI can shake both sides before the real direction appears, so I’m avoiding the first emotional move and waiting for confirmation.
Today could get wild very quickly.
#BTC #Markets #Inflation #Macro
The market is unusually quiet ahead of CPI, and that usually means volatility is loading.
A hotter CPI could strengthen the dollar and yields, putting pressure on BTC and altcoins. A softer number could give bulls the momentum they’ve been waiting for.
But I’m not trying to predict the number. I’m watching the reaction.
Does BTC hold support? Does the move come with real volume? Does the first candle hold or completely reverse?
CPI can shake both sides before the real direction appears, so I’m avoiding the first emotional move and waiting for confirmation.
Today could get wild very quickly.
#BTC #Markets #Inflation #Macro
