TODAY IS AN IMPORTANT DAY FOR CRYPTO. ๐จ
US inflation data is the key event to watch today.
The forecast: 3.6%, up from 3.4% last month.
Hereโs what to watch:
๐ Below expectations: Potential bullish catalyst for crypto.
๐ Above expectations: Could put pressure on risk assets.
๐ฏ In line: The reaction will depend on the details, especially core inflation.
One thing to remember: the first move can reverse quickly.
Watch the data. Donโt chase the initial reaction.
US inflation data is the key event to watch today.
The forecast: 3.6%, up from 3.4% last month.
Hereโs what to watch:
๐ Below expectations: Potential bullish catalyst for crypto.
๐ Above expectations: Could put pressure on risk assets.
๐ฏ In line: The reaction will depend on the details, especially core inflation.
One thing to remember: the first move can reverse quickly.
Watch the data. Donโt chase the initial reaction.