#CPIWatch

What is CPI and why is it important today

The Consumer Price Index (CPI) is a key measure of inflation that indicates how much prices have changed for everyday goods and services. Traders closely watch it because higher-than-expected inflation can push the US dollar higher and risk assets like BTC under pressure, while a softer reading can boost cryptocurrency.

The CPI release in the United States is set for today at 12:30 PM UTC, and after the first few minutes, sharp price movements can be seen in either direction.

BTC Watch Points

$117,000 area → Long light if we hold here calmly.

$118,500 → First checkpoint - Take some profits or tighten the stop.

$120,967 $ → Large gamma wall - May slow movements before a collapse.

📉 Short-term support: $116,800

📈 Short-term resistance: $119,000