Bitcoin and Ethereum are holding a "narrow-range equilibrium" as the market awaits Friday's key CPI report! Inflation data is being called the "singular anchor" for future policy and risk sentiment.
What to watch:
Bullish Signal: A softer CPI print (e.g., around +0.2%) could boost the "soft-landing trade," potentially supporting upside for crypto.
Key Levels: $BTC is trading near $108,164, while $ETH is around $3,815. Volatility remains elevated, so expect potential dips to be aggressively bought if macro signals improve.
Stay vigilant and trade responsibly! Don't let the macro news catch you off guard.
Source: Fidelity Investments / CoinDesk (Asia Morning Briefing, Oct 22)
