Today is an important day
All eyes are on the US inflation data (CPI) that 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 will start to anticipate a rate cut.
However, if the number comes out higher, we might see a drop due to investors' fears of continued tightening.
Bitcoin is currently trading around $102,000, and the overall market sentiment is volatile.
There are positive technical indicators, but everyone is cautious before the news.
Monitor the market, and adjust your strategy. The market is unforgiving to the inattentive!