Markets rallied hard after Powell’s latest remarks, but was it a head-fake?
Following a surprisingly dovish tone in the Fed Chair’s last speech, Bitcoin briefly surged above key resistance and the S&P 500 touched fresh highs. But savvy traders know: this might just be the setup before the real move.
Why? Inflation Data Is the Next Boss Level
Next week’s CPI and PPI numbers are poised to either fuel the fire or slam the brakes on the current rally. With sticky inflation still a concern and rate-cut optimism hanging by a thread, any surprise could trigger massive volatility across risk assets.
CPI drops? Bulls could get the green light for another leg up.
CPI sticks or rises? Welcome to Whipsaw City.
Crypto Isn’t in the Clear
Bitcoin’s recent pump might look convincing, but macro risks still loom. Liquidity remains tight, and institutional players are watching macroeconomic cues closely.
Watch for:
Bitcoin support zones at $X,XXX
Altcoin rotation if BTC stalls
Bond market reactions to CPI as a leading indicator
Stay alert. Next week might reveal whether we’re in the early stages of a bull market—or just another trap before the next leg down.
Trade wisely. Volatility is opportunity—but only if you’re prepared.