#CPIWatch 🧠💹 (Crypto Edition)
Today’s CPI release isn’t just a macro event—it’s a crypto market catalyst. If inflation comes in hotter than expected, the Fed may hold off on rate cuts, strengthening the dollar and pressuring risk assets like Bitcoin and altcoins. A higher CPI = bearish short-term for crypto, as liquidity tightens.
But if CPI cools, expect bullish momentum—especially if core inflation drops below 3%. Bitcoin could reclaim key resistance zones (👀 $125K?), and altcoins may follow.
Smart traders watch macro first, markets second. CPI today, crypto tomorrow. Volatility is brewing—strap in.