#CryptoCPIWatch
Today is an important day
All eyes are on the US inflation data (CPI) which will be released at 3:30 PM Aden time.
Any number that comes in lower than expected could give a strong boost to Bitcoin and cryptocurrencies, as the market starts to anticipate a rate cut.
However, if the number comes in higher, we might see a decline due to investor fears of continued tightening.
Bitcoin is currently hovering around 102 thousand dollars, and the overall market sentiment is volatile.
There are positive technical indicators, but everyone is cautious ahead of the news.
Monitor the market and adjust your strategy. The market does not forgive the inattentive!