$BTC
Is it going up or down tonight?
The expected CPI data is 2.4%, the previous value is 2.4%.
A slight positive if below expectations, leading to an increase!
If above expectations, it may consolidate for up to two days; a drop would also be a normal correction.
The current inflation data is all fictitious.
The Federal Reserve is not very concerned about inflation before tariffs.
What they want to see is the real inflation data after tariffs are applied, as that is the key to deciding policy!
Tonight, 100700 is an important short-term support level.
Once this threshold is broken, the price is likely to continue to decline, possibly dropping to 99,000 or even 95,000 dollars.
On-chain data shows that long-term Bitcoin holders are not selling off in large numbers, so even if there is a drop, the likelihood of a deep plunge is not very high.
Stay tuned to Hashni, we will update the direction for everyone in real-time tonight!
