What's happening with $BTC ?
Bitcoin is experiencing a pullback and is now hovering around $119,000. It's no coincidence that this is happening just when we are all waiting for the inflation data that will be released soon. You know how the market reacts when these macro news arrive.
What you need to know
🔥 Inflation Data = Volatility
Inflation numbers always move the market. When they come out, Bitcoin can go up or down really strong. It's the game we already know.
📊 Is this pullback normal?
Look, after the rises we've seen, a correction was expected:
- Markets need to breathe from time to time
- It could be a good opportunity for those who have been waiting
- Support levels are key here
🧠 Sentiment is nervous
People are anxious waiting for the data. This is evident in the volume and how the price reacts to any news.
What to do now?
⚠️ Don't forget about the risk
- Use stop-loss (seriously, use them)
- Don't put all your eggs in one basket
- Only invest what you can afford to lose
🚀 The long-term vision remains intact
Bitcoin still has everything that makes it strong:
- Institutions continue to buy
- Every day there are more real use cases
- Scarcity is still there (only 21 million, never more)
Hot take
This drop could be something good for the market. Sometimes we need these corrections to continue rising sustainably. The inflation data will give us the direction for the coming days.
**Note:** Always do your own research. This is not financial advice, just my opinion of the market.
