#CryptoCPIWatch

CPI (Consumer Price Index) data is highly anticipated by crypto traders as it provides an overview of the ongoing inflation. A high CPI figure often signals strong inflationary pressures, triggering expectations of interest rate hikes by central banks. The crypto market's reaction to the CPI is usually very quick and volatile. As a trader, I leverage this CPI data release for scalping, especially during sharp breakout or retracement moments. My main strategy is to observe the movements of BTC and ETH on small timeframes (1-5 minutes) and execute positions tightly using stop loss. Although the risks are high, the potential rewards during the CPI moments are substantial. However, discipline is key. Don't rush when prices start moving quickly. Also, pay attention to the volume and direction of candles at the time the news is released. With proper risk management, CPI data can be a golden opportunity in the world of crypto trading.