
Post
ChainRider
đš WEDNESDAYâS CPI COULD DECIDE WHETHER $BTC BREAKS OUT â OR GETS REJECTED AGAIN.
Honestly, this is the macro number Iâm watching most closely right now.
The market expects headline CPI to cool from 3.5% â 3.4% YoY, while core CPI is expected to fall from 2.6% â 2.5%.
Sounds small.
But in this market, 0.1% can change the entire narrative.
The weak nonfarm payrolls report has already shifted expectations toward a more dovish Fed.
Now CPI has to confirm it.
If inflation keeps cooling:
đ Rate-hike expectations fall
đ Yields could ease
đ” The dollar could weaken
đ Risk appetite could return
And that could give crypto the catalyst itâs been waiting for.
$BTC is still stuck around $65K.
ETF flows remain positive, with BlackRock alone putting nearly $700M into BTC this week â yet price still canât break through $65K convincingly.
That tells me the money is coming in, but the market is still waiting for confirmation.
If CPI comes in softer than expected, Iâm watching:
đŻ $66K â $67K
But if inflation surprises to the upside, $BTC could quickly lose momentum and retest:
â ïž $64K or lower
And the same principle applies to altcoins.
$BICO has been a headache lately. Two short positions got squeezed, and while the latest trade helped recover those losses, I still closed it earlier than I would have liked.
$BEAT also dropped from $3.4 â $2.6, nearly 30%.
When a coin moves that fast and volume starts drying up, Iâd rather watch than chase.
$SNDK remains stuck around $1,200, while the storage-sector correction continues.
So for me, the message before CPI is simple:
Donât make a major bet just because you think you know the outcome.
Wait for the data.
Let the market show its hand.
Then decide.
Because right now, weâre not in prediction mode. Weâre in waiting mode.
Wednesday could be the moment the market finally chooses a direction.
đ CPI first. Positioning second.
#æŹćšäžCPIć
Źćž #CPIToResetFedBets
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