#CPIWatch
Here's a breakdown of the CPI report and its impact on the market:
*Key Takeaways:*
- US CPI comes in at 2.7%, exceeding expectations 🔥
- Higher inflation may lead to lower odds of Fed rate cuts in the near term 📉
- Risk assets like crypto and stocks may face downward pressure ⚠️
- Expect heightened volatility in the market 📊
*Market Impact:*
- Persistent inflation may trigger a shakeout in the market 📉
- Critical levels for $BTC, $ETH, and altcoins to watch 👀
- Potential for fresh opportunities in the market 📈
*What to Watch:*
- Real-time updates on market movements 📡
- Upcoming trade setups and market analysis 📊
- Critical levels for major cryptocurrencies like $BTC and $ETH