CPI DAY — THE PRINT THAT MOVES EVERYTHING
Bitcoin's been grinding in the high-$70Ks all week, holding near $78K as traders brace for today's release. ETH's parked around $2,465, treading water right alongside it.
📊 The board right now:
• BTC: ~$78K | range: $77.5K–$82.2K | resistance stacked at $80.6K–$83.2K
• ETH: ~$2,465, flat-to-down this week
• 30-day zoom out: BTC still up ~22% despite the recent chop
🔑 Why it matters: August CPI drops at 8:30am ET — the last inflation read before the Fed's Sept 15–16 meeting. July's print ran hot at 3.4% YoY, well above the 2% target. Markets are currently pricing in a real chance of a hike over a cut, and higher rates are historically a headwind for non-yielding assets like crypto.
A soft print could flip sentiment fast. A hot one could send BTC testing that $77.5K floor.
Which way are you positioned — playing the breakout above $80.6K, or waiting for the flush toward $75K? 👇
#CPIDayAlert