Tonight's CPI data is likely to be bearish, but don't rush to go short!
Previously, when the non-farm data was bearish, BTC still broke through the 110,000 mark; data and market trends are never equivalent.
Currently, market sentiment is dominated by bulls, with BTC and ETH taking turns to perform. As long as there are no signs of volume peak or clear confirmation of a downturn, position management is key!
Don't blindly short just because of bearish expectations; it's advisable to significantly reduce positions before the data release. Those quick on their feet can try to go against the trend, but if you're slow to react, it's best to stay out of the excitement.
Liquidation is never the market's fault, but rather your poor position management!
If you're unsure and always chasing peaks and cutting losses, feel free to reach out. Like + leave a message, and I'll guide you on board.
