Altcoin Dominance & CPI Data – Today’s Trading Plan
Tonight at 6 PM, the CPI data will decide the market’s direction.
Right now, Altcoin Dominance is at a crucial level.
If this level breaks, we could see a strong rally in altcoins.
Possible Scenarios Based on CPI Data:
2.5% – 2.6% (Bullish): Inflation is dropping → Look for Long setups in BTC and major altcoins.
2.7% – 2.8% (Neutral): Within expected range → Focus on small timeframe scalps or quick trades.
2.9% – 3% (Bearish): Inflation is rising → Consider BTC short setups and stay cautious with altcoins.
Why Inflation Might Be Rising:
Trump’s tariff hikes have made imported goods more expensive.
Tariffs have gone from 2.4% earlier this year to 8–9% now.
Interest Rate Cut Chances:
The Fed might cut rates in September (80% probability).
Lower rates would push more money into the economy → Possible boom in stocks and crypto.But this will depend entirely on today’s CPI numbers.
📌 My Trading Plan:
If CPI is Bullish → Go Long on BTC and major altcoins, focus on breakout trades.
If CPI is Bearish → Short BTC, reduce risk in altcoins, stick to intraday moves.
🕕 Final Note: I’ll wait for the 6 PM CPI release before making any major trading decisions.
#CryptoTrading #Altcoin #BTC #CPI #Binance