🚨 BREAKING: US inflation is heating up again. Is Bitcoin ready for a pullback?
September CPI just came in, and the numbers are giving the market something to think about. Annual inflation climbed to 3.7% from 3.4%, while core CPI rose 0.3% month over month. Gasoline prices also jumped 9.1% in September.
This isn't the kind of report the Fed wants to see. 👀
But here's the thing: a hot CPI report doesn't automatically mean Bitcoin will dump. The first market reaction can be unpredictable, and BTC could still push higher before making its next move.I'm watching the $83.5K–$84K zone closely. If Bitcoin gets rejected there and price confirms weakness, I may look for a short toward $80.5K, with a stop-loss around $84.2K. But if BTC breaks above resistance and holds, I'll rethink the setup.
No need to rush into a trade just because the news looks bearish. Let the price show its hand first. Protect your capital and don't blindly follow anyone's entry. 🤝
What do you think? Will BTC reject $84K or push higher from here? 🔥 $BTC
#CPIWatch
September CPI just came in, and the numbers are giving the market something to think about. Annual inflation climbed to 3.7% from 3.4%, while core CPI rose 0.3% month over month. Gasoline prices also jumped 9.1% in September.
This isn't the kind of report the Fed wants to see. 👀
But here's the thing: a hot CPI report doesn't automatically mean Bitcoin will dump. The first market reaction can be unpredictable, and BTC could still push higher before making its next move.I'm watching the $83.5K–$84K zone closely. If Bitcoin gets rejected there and price confirms weakness, I may look for a short toward $80.5K, with a stop-loss around $84.2K. But if BTC breaks above resistance and holds, I'll rethink the setup.
No need to rush into a trade just because the news looks bearish. Let the price show its hand first. Protect your capital and don't blindly follow anyone's entry. 🤝
What do you think? Will BTC reject $84K or push higher from here? 🔥 $BTC
#CPIWatch