Big Macro News Dropping Today – Eyes on U.S. CPI
⏰ Today, 5:30 PM IST – All eyes are on the U.S. Consumer Price Index (CPI) data.
Why it matters?
CPI = A pulse check on inflation.
A spike in CPI? The Fed might tighten rates again.
A dip in CPI? Risk assets (including crypto) could rally.
Current Forecasts:
Core CPI m/m: 0.3%
CPI m/m: 0.3%
CPI y/y: 2.4%
Market Sentiment:
Fear & Greed Index: 70 (Greed)
Altcoin Season: ON (Score 22)
Sentiment is bullish, but it’s still fragile.
Key Scenarios Post-5:30 PM:
If CPI > Forecast: Caution – Bitcoin & Altcoins may face short-term pullback.
If CPI = Forecast: Calm – Expect sideways movement or a slow pump.
If CPI < Forecast: 🚀 Fireworks! A risk-on rally, especially for altcoins.
Stay alert! 5:30 PM IST could be a game-changer for the next crypto move.
