This week the crypto market is moving with special attention to the CPI data in the United States, published on August 13. If inflation turns out to be lower than expected, we could see a bullish impulse in $BTC , $ETH , and several altcoins. On the other hand, if the data surprises to the upside, it is likely that the market will cool down temporarily, especially in the more volatile tokens.
Bitcoin continues to show strength, remaining above $117,000. If it manages to break $120K with good volume, we could be at the start of a new bullish phase. Ethereum, for its part, is in an interesting accumulation zone. Rumors about the possible approval of a spot ETF could be the catalyst that pushes it above $6,000 in the coming weeks.
Regarding altcoins, there are three that are showing very interesting technical signals. XNY (Codatta) broke a key resistance at $0.0033, and if it stays above, it could target $0.0045. GOR (Gorbagana) confirmed a trend change, and if it respects the support at $0.0255, it has the potential to reach $0.0310. Also, XLM is showing strength after a correction, ideal for those doing scalping or looking for quick entries.
The general recommendation for this week is to combine technical analysis with attention to macro events. Use tight stop-losses, especially in altcoins, and take advantage of breakouts with volume in demand zones. The current environment favors those who know how to read both the charts and the economic context.
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