📈 The market still isn’t offering a comfortable long entry, but that could change fast. A reminder: today at 15:30 (UTC +3) the inflation print is due, and it could jolt prices. Consensus is that inflation is rising at a pace that will keep the Fed from cutting rates this month — so we could see a sharp red candle.
💰 If that happens, bids around $108,500 look attractive. But if inflation surprises to the downside, we could test a new ATH as soon as today or tomorrow.
There’s plenty of liquidity both above and below price, underscoring the market’s uncertainty ahead of the release.
The cryptocurrency market is generally holding onto most of the gains accrued during the euphoric rally on Monday, when Bitcoin (BTC) cracked the resistance at $111,000 to post weekly highs at around $110,516.
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