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I was watching the inflation numbers, and honestly, this is not the kind of surprise traders wanted.
September CPI came in at 3.7% against 3.6% expected, while core CPI reached 2.6% versus 2.5% forecast. Energy prices surged 5.2%, adding more pressure to the inflation picture.
And the reaction? 👀 BTC dropped below $83,000 as traders started worrying about tighter Fed policy and fewer chances of rate cuts.
Here’s what I’m watching now:
🛢️ Oil: Can rising energy costs keep inflation elevated?
📉 BTC: Will buyers defend support, or are we heading into more downside?
🏦 Treasuries: Could higher inflation expectations push yields up and bond prices down?
Personally, I think traders should avoid chasing panic candles and wait for confirmation from price action and Treasury yields.
💭 Do you think this is a temporary market shakeout, or could tighter Fed policy put more pressure on crypto?
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