Whatโs CPI & Why It Matters Today
CPI stands for Consumer Price Index, a key measure of inflation that shows how much prices have changed for everyday goods and services. Traders watch it closely because higher-than-expected inflation can push the U.S. dollar up and pressure risk assets like BTC โ while a softer reading can boost crypto.
The U.S. CPI release today is set for 12:30 UTC, and the first few minutes after can see sharp price spikes in either direction.
BTC Watch Points
$117,000 Zone โ Light long if we hold here calmly.
$118,500 โ First checkpoint โ take some profit or tighten stops.
$120,967 โ Big Gamma wall โ moves may slow before breaking.
๐ Short-term support: $116,800
๐ Short-term resistance: $119,000
Time to pick your side
DYOR and invest wisely โ this is not financial advice!
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