๐ U.S. CPI data Big Day for Crypto Today! ๐บ๐ธ๐
The US CPI report drops today at 8:30 AM ET, and this could be the biggest market mover of the day
The market expects inflation to cool from 4.2% to around 3.9%. If the numbers come in lower, crypto could get a nice boost ๐
But if CPI is higher than expected dont be surprised to see sharp volatility across both crypto and stocks as traders price in the possibility of a more hawkish Fed โ ๏ธ
I'm staying patient until the data is out because the first move after CPI can be very aggressive
Keep your risk under control and don't chase candles. ๐
$SOL $DOT $SUI
#cpi #Inflation #Fed
The US CPI report drops today at 8:30 AM ET, and this could be the biggest market mover of the day
The market expects inflation to cool from 4.2% to around 3.9%. If the numbers come in lower, crypto could get a nice boost ๐
But if CPI is higher than expected dont be surprised to see sharp volatility across both crypto and stocks as traders price in the possibility of a more hawkish Fed โ ๏ธ
I'm staying patient until the data is out because the first move after CPI can be very aggressive
Keep your risk under control and don't chase candles. ๐
$SOL $DOT $SUI
#cpi #Inflation #Fed