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x_Rex
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🧧Tomorrow's CPI could move everything 👀
🧧
Everyone's watching the wrong thing today 😅
Yes BTC slipped to $83,750.
Total crypto market cap fell 2% to $2.85 trillion.
ETH down 3.7%. $672 million in liquidations in 24 hours — $586 million of those were LONGS.
SCARY numbers. But here's what actually matters tomorrow , US CPI report drops October 14. Truflation forecasts inflation rising to 3.6% in September.
Analysts are split , Bitcoin faces either an $80K risk or an $86K rebound depending on that ONE number.
If CPI comes in BELOW 3.6% — Fed rate hike fears fade. Risk assets bounce.
BTC targets $86K.
If CPI comes in ABOVE 3.6% — October 28 Fed rate hike becomes more likely. $80K support gets tested hard.
One number. Two completely opposite outcomes.
Tomorrow morning.
Mudrex's Head of Business said Bitcoin found support near $81,000 and advised staggered buying, disciplined position sizing and close tracking of ETF flows and US inflation data.
-Meanwhile Hong Kong just listed its second spot Solana ETF today.
-Goldman Sachs and JPMorgan report earnings today too.
-The macro picture is moving fast.
This is not a day to be overleveraged on either side 👁️
Are you positioned for tomorrow's CPI? 👇
$BTC
$ETH
#bitcoin #BinanceSquare #BinanceSquareTalks
🧧
Everyone's watching the wrong thing today 😅
Yes BTC slipped to $83,750.
Total crypto market cap fell 2% to $2.85 trillion.
ETH down 3.7%. $672 million in liquidations in 24 hours — $586 million of those were LONGS.
SCARY numbers. But here's what actually matters tomorrow , US CPI report drops October 14. Truflation forecasts inflation rising to 3.6% in September.
Analysts are split , Bitcoin faces either an $80K risk or an $86K rebound depending on that ONE number.
If CPI comes in BELOW 3.6% — Fed rate hike fears fade. Risk assets bounce.
BTC targets $86K.
If CPI comes in ABOVE 3.6% — October 28 Fed rate hike becomes more likely. $80K support gets tested hard.
One number. Two completely opposite outcomes.
Tomorrow morning.
Mudrex's Head of Business said Bitcoin found support near $81,000 and advised staggered buying, disciplined position sizing and close tracking of ETF flows and US inflation data.
-Meanwhile Hong Kong just listed its second spot Solana ETF today.
-Goldman Sachs and JPMorgan report earnings today too.
-The macro picture is moving fast.
This is not a day to be overleveraged on either side 👁️
Are you positioned for tomorrow's CPI? 👇
$BTC
$ETH
#bitcoin #BinanceSquare #BinanceSquareTalks
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.