BTC UPDATE 🔍
All eyes now on Friday’s CPI print — expectations are sitting at 3.1% vs previous 2.9%, which makes it a hot CPI.Not great for BTC📉 it mean If inflation stays high, the Fed might delay rate cuts again.
The only wildcard here is the government shutdown, which already caused delays in data releases.If CPI gets pushed again, we might see a short squeeze or unexpected volatility.
From a technical perspective,
1️⃣ Daily chart shows BTC looking ready to drop 📉
2️⃣On lower timeframes, BTC is holding the $107K–$111K range, But the price is waiting for the CPI data — a decisive move could follow right after the data drop
My view:
• 🔥 If CPI prints hot → BTC likely dips toward $106K–$102K
• 🧊 If CPI comes in cooler → short squeeze possible toward $117k–$118k
— keeping size small and risk tight. Let’s see how the data hits before going heavy.
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