#CryptoCPIWatch The Consumer Price Index tracks how cryptocurrency markets react to the upcoming U.S. Consumer Price Index (CPI) report, a key measure of inflation that affects interest rate decisions made by the Federal Reserve.

Bitcoin (BTC) price dropped below $102,400 amid profit-taking and caution ahead of the Consumer Price Index data release.

Ethereum (ETH) price also fell, trading at around $2,457.

A lower-than-expected Consumer Price Index could bolster hopes for interest rate cuts by the Federal Reserve, potentially lifting cryptocurrency prices.

On the other hand, a higher Consumer Price Index could lead to further declines.

Technical analysis suggests that Bitcoin may be on the verge of a recovery, as the Relative Strength Index shows bullish divergence.

Traders are closely monitoring inflation data and broader macroeconomic indicators, including trade dynamics between the U.S. and China.$SOL

The cryptocurrency market is experiencing a state of "wait and see," heavily influenced by macroeconomic expectations.

Let me know if you would like to customize this analysis for social media or investment analysis.