The next CPI print could decide whether the Fed stays patient or starts leaning toward another rate hike.

The setup is getting interesting: stronger-than-expected Nonfarm Payrolls have already challenged expectations for easier monetary policy, and now all eyes are on inflation.

If CPI comes in hotter than expected, the market could quickly price in a more hawkish Fed. That would likely pressure risk assets and increase volatility across crypto, while gold could also face short-term pressure from higher-rate expectations.

If inflation comes in softer, the opposite reaction could unfold: rate-cut expectations strengthen, liquidity conditions improve, and $BTC could benefit from renewed risk appetite.

My bias right now is to stay cautious rather than chase either direction.

CPI could be the catalyst that decides the next major move.

What are you expecting — bullish or bearish?

#CPIWatch