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...
$NEAR
After rejection at $6.02, the 4H chart shows lower highs and RSI near 43. The bounce around $5 needs stronger confirmation.
My recovery checklist: reclaim $5.25, then close above $5.36 and hold the retest. This would strengthen the case for $5.73, followed by $6.
Lose $4.88, and $4.60 becomes the next support to watch.
Today’s CPI adds uncertainty. My focus is the price reaction after release. $6 stays on my watchlist, but buyers need to prove strength first.
#CPIdata
Spot metals under pressure into CPI
Gold and silver edged lower in late U.S. trading Tuesday as traders trimmed risk ahead of CPI. Gold was around $4,159 (-0.3%), while silver fell to $59.03 (-1.9%).
Firm short-term yields, with the 2-year above 4.81%, and markets pricing roughly an 88% chance of a December Fed hike kept pressure on metals despite a softer dollar. Hormuz and U.S.–Iran tensions are adding uncertainty to oil, but haven’t created a clear inflation signal. Silver lagged amid weakn...
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