BTC and ETH have spent roughly a week trading sideways after their selloff. Today’s CPI is a potential breakout trigger, but the reaction needs confirmation.
Release: October 14, 8:30 AM ET.
bls.gov
Expected September CPI, according to the WSJ economist survey:
Headline: +0.6% monthly, 3.6% yearly.
Core, excluding food and energy: +0.2% monthly, 2.5% yearly.
These are forecasts, not released results. marketwatch.com
BTC near $83,267: 4H RSI around 50 shows neutral momentum. I’m watching $84,200–$84,400 resistance. A breakout and successful retest would favor $85,900, then $87,000. Support sits around $82,000, followed by $81,000–$80,400.
ETH near $2,500: 4H RSI around 45 shows weaker momentum. Buyers need to reclaim $2,540–$2,580 to strengthen a recovery toward $2,610. Support sits near $2,460, then $2,400. Losing $2,400 would increase downside risk.
My read: softer-than-expected CPI, especially core, would favor a relief rally. Hotter numbers would increase selling pressure. Mixed readings leave room for swings in both directions.
I’m watching the 4H close and retest after release. A quick spike alone does not confirm a new trend.
#CPIWatch
Release: October 14, 8:30 AM ET.
bls.gov
Expected September CPI, according to the WSJ economist survey:
Headline: +0.6% monthly, 3.6% yearly.
Core, excluding food and energy: +0.2% monthly, 2.5% yearly.
These are forecasts, not released results. marketwatch.com
BTC near $83,267: 4H RSI around 50 shows neutral momentum. I’m watching $84,200–$84,400 resistance. A breakout and successful retest would favor $85,900, then $87,000. Support sits around $82,000, followed by $81,000–$80,400.
ETH near $2,500: 4H RSI around 45 shows weaker momentum. Buyers need to reclaim $2,540–$2,580 to strengthen a recovery toward $2,610. Support sits near $2,460, then $2,400. Losing $2,400 would increase downside risk.
My read: softer-than-expected CPI, especially core, would favor a relief rally. Hotter numbers would increase selling pressure. Mixed readings leave room for swings in both directions.
I’m watching the 4H close and retest after release. A quick spike alone does not confirm a new trend.
#CPIWatch