🔥 Price #bitcoin moves sideways as investors await CPI data from the US
The Bitcoin price trend analysis chart shows that volatility (ATR) has decreased to the 200 range, the lowest in several weeks. This indicates that the market is "holding its breath" waiting for the US CPI report (Consumer Price Index) to be released today at 7:30 PM Vietnam time.
If the CPI is higher than expected, the anticipation for the Fed to cut interest rates will be delayed, which may put temporary adjustment pressure on #BTC . Conversely, if the CPI cools down, Bitcoin may continue to break through the 111k USD range.
📉 Low volatility often precedes strong volatility. Traders should set their stop-loss and take-profit orders fully to avoid burning their accounts!