đ¨ CPI DATA DROPS: THE BULL CASE FOR CRYPTO JUST GOT STRONGER! đ
The latest US CPI data is in, showing inflation at 3.3% YoYâa crucial reading that came in slightly below expectations. This is a significant macro tailwind for the entire crypto market.
⥠IMMEDIATE MARKET IMPACT
This better-than-expected inflation data immediately shifted the risk appetite back toward digital assets:
Bitcoin (
$BTC ) Surge: BTC reacted strongly, bouncing above $95K as the news broke.
Fed Rate Cut Odds: The probability of a September Fed rate cut INCREASED to ~75%, signaling an easing monetary policy outlook.
DXY Weakness: The Dollar Index (DXY) dipped slightly, which is generally bullish for risk assets like crypto.
đĄ WHY THIS MATTERS: THE LIQUIDITY EFFECT
The formula for crypto bullishness is simple:When the Federal Reserve is expected to cut rates, it makes holding cash less attractive and pushes institutional money into higher-growth, higher-risk assetsâpaving the way for the next bull run.
âđŻ MY OUTLOOK: WATCH $96K
âI am short-term bullish for crypto following this data release.
âKey Resistance: Keep a close eye on the $96K resistance level for Bitcoin.
âThe Next Target: If
$BTC breaks and holds above $96K with conviction, the path to $100K could open up quickly!
âCurrent BTC Price: $96,452 (-2.48% in the last 24h, but showing recovery strength post-CPI).
$BTC â
#CPIWatch #FedWatch #BTCBulls #LiquidityRush #RiskOn