#CryptoCPIWatch US Inflation Incoming: Crypto Market on Standby

Today at 14:30, the CPI data will be released in the United States. Lower-than-expected inflation (<2.3%) could push Bitcoin and altcoins up due to expectations of interest rate cuts. A value above 2.4% could instead cool the markets.

Bitcoin is just below $106,000, close to its all-time high. A favorable CPI data could trigger a breakout. Beware of volatility: BTC is still correlated with the S&P 500 and macro movements will have a direct impact.

Key resistance: $106,000

Support to hold: $100,000

Eyes on RSI and MACD for reversal signals