📊 CPI Watch — Inflation Data in Focus for Crypto Traders 📊
All eyes are on today’s U.S. Consumer Price Index (CPI) report, a key gauge of inflation that could set the tone for global markets. For BTC/USDT$BTC
, the stakes are high—higher-than-expected CPI could strengthen the U.S. dollar and pressure Bitcoin, while a softer reading may fuel a bullish breakout above $122K.
Traders are keeping positions tight ahead of the announcement, with volatility expected to spike in the minutes following the release. Historically, BTC reacts sharply to CPI surprises, often moving 3–5% within hours.
Key support sits at $118K, while resistance is at $125K. Short-term scalpers may find opportunities, but risk management is essential during macro-driven swings.
💡 Pro Tip: Keep an eye on funding rates—they can hint at market positioning before the news drops.