US inflation data is down today, and all eyes are on the CPI forecast of 2.4%, which matches the March figure.
Let's break down the potential impact on the market:
Scenario 1: CPI > 2.4%
Market sentiment: Cautious to bearish
Higher-than-expected inflation = pressure on the Fed to delay rate cuts.
This is bad news for risk assets like Bitcoin, tech stocks, and alternatives.
Volatility is likely. Be prepared.
Scenario 2: CPI = 2.4%
Market sentiment: Stable to bullish
Conforming to expectations keeps bulls in check.
Markets could continue to rise, with continued optimism.
Scenario 3: CPI < 2.4%
Market sentiment: Possible bullish breakout
These are ideal settings.
Lower inflation could accelerate the narrative around rate cuts, giving a boost to Bitcoin, Ethereum, and alternatives.
Watch for a breakout move.
Current Bitcoin Price
$103,717.87 | +0.79%
Is Bitcoin ahead of the data?#TradingLessons#MonitoringCryptoInflation#BuySaylorBTC#AltSeasonLoading#TradingStrategies$26959298857