#BTC/USDT
BTC reached $123,2k and closed yesterdays daily candle $119,8k levels. I have previously set my tp to $125k levels which is pretty close but not reached yet. Today we will have CPI Data reveal which could affect the market.
Previous CPI 2.4%
Forecast 2.6%
If CPI comes in at 2.6% or higher → Inflation is rising → Bearish for markets
If CPI is 2.4% or lower (like 2.3%) → Inflation is easing → Bullish for markets
Market sentiment is still holding bullish and current retracement til current CME Gap ($115.6k-$114.2k) can be considered totally healthy.
