🔈Today, inflation data will be released, including core #CPI month-over-month, #CPI month-over-month, and year-over-year #CPI. These are very important figures as they can clarify the Federal Reserve's outlook.
📊If the numbers come in higher than forecasts or previous figures, #Bitcoin could drop by 10% to 13%, and the market may become more risk-averse. On the other hand, if the data meets expectations or is lower than previous figures, Bitcoin could prepare for $108,000 or even a new all-time high.
‼️So, I might close all my long/buy positions and re-enter later.
1
4
1.5K