$BTC is up +2.14% in 24h, outperforming the broader crypto market.
The rally looks confident, but under the surface it’s all about three key factors:
1⃣ The delayed inflation report drops today. If CPI comes in below 3%, the probability of a Fed rate cut next week jumps to nearly 100%. That would weaken the dollar and fuel demand for Bitcoin as an “anti-dollar” asset.
📊 But if inflation is hotter than expected — we might see a quick correction.
2⃣ #BTC bounced off the $108,000 zone — the 78.6% Fibonacci retracement and 200-day moving average.
⚙ RSI is neutral, while MACD hints at a potential reversal.
💥 A breakout above $113,000 opens the door to $117,500. Losing $108,000 risks a drop toward $97,500.
3⃣ Spot #Bitcoin ETFs recorded +$226M in inflows this week.
BlackRock’s IBIT now holds 739,000 $BTC worth $82B.
🐋 Whales aren’t selling — they’re tightening supply. ETF buying now exceeds daily #Bitcoin mining output by 30x.
🧭 The market is finely balanced — all eyes on today’s CPI and the Fed meeting on October 30.
📈 Bullish signals are strengthening, but thin liquidity (–30% volume) keeps volatility high.
🔥 I’m leaving the closure of major positions for Monday, when Trump’s speech could trigger a strong market reaction.
💬 My plan: staying on the bullish side and buying dips.
Watching CPI closely — the coming week could be explosive.
