Today the United States inflation data is going to be really important for your portfolio.
The important thing for people who trade cryptocurrency right now is not something you see on a graph. It is the United States Consumer Price Index release. The market is already really nervous because of problems between countries. If the inflation numbers are higher than people want the Federal Reserve might have to be tough which would be bad for Bitcoin and Ethereum right away.
If the United States Consumer Price Index is than 2.4 percent that would be a good sign for people who want to take risks and it could make the price of cryptocurrency go up a lot.. If it is more than 2.6 percent the price of Bitcoin might go back down to around sixty thousand dollars.
My opinion is that we should just wait and see what happens. Today is not a day to take a lot of risks.
People who trade for a living do not try to guess what will happen. They trade based on what actually happens. So we should have some money ready. Be patient.
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