CPI Watch: Will the Fed Hike or Hold?
The US CPI report is one of the key events I’m watching right now because it could influence the next major move across financial markets, including Bitcoin.
After the stronger-than-expected Nonfarm Payrolls data, the market is paying close attention to inflation. If CPI comes in hotter than expected, the Fed could remain cautious on rate cuts, which may create pressure on risk assets like BTC. On the other hand, a softer CPI reading could strengthen expectations for easier monetary policy and potentially support a bullish move.
My view is cautiously bullish, but I don’t want to chase the first candle after the data. CPI releases can create strong volatility and fake breakouts, so I would rather wait for confirmation around important BTC support and resistance levels.
For me, the key question is not simply whether CPI is good or bad. It’s how the market reacts to the number.
What’s your take? Bullish or bearish on BTC after CPI?
#CPIWatch #Bitcoin #BTC #Crypto #BinanceSquare
The US CPI report is one of the key events I’m watching right now because it could influence the next major move across financial markets, including Bitcoin.
After the stronger-than-expected Nonfarm Payrolls data, the market is paying close attention to inflation. If CPI comes in hotter than expected, the Fed could remain cautious on rate cuts, which may create pressure on risk assets like BTC. On the other hand, a softer CPI reading could strengthen expectations for easier monetary policy and potentially support a bullish move.
My view is cautiously bullish, but I don’t want to chase the first candle after the data. CPI releases can create strong volatility and fake breakouts, so I would rather wait for confirmation around important BTC support and resistance levels.
For me, the key question is not simply whether CPI is good or bad. It’s how the market reacts to the number.
What’s your take? Bullish or bearish on BTC after CPI?
#CPIWatch #Bitcoin #BTC #Crypto #BinanceSquare
