BTC UPDATE ๐
All eyes now on Fridayโs CPI print โ expectations are sitting at 3.1% vs previous 2.9%, which makes it a hot CPI.Not great for BTC๐ it mean If inflation stays high, the Fed might delay rate cuts again.
The only wildcard here is the government shutdown, which already caused delays in data releases.If CPI gets pushed again, we might see a short squeeze or unexpected volatility.
From a technical perspective,
1๏ธโฃ Daily chart shows BTC looking ready to drop ๐
2๏ธโฃOn lower timeframes, BTC is holding the $107Kโ$111K range, But the price is waiting for the CPI data โ a decisive move could follow right after the data drop
My view:
โข ๐ฅ If CPI prints hot โ BTC likely dips toward $106Kโ$102K
โข ๐ง If CPI comes in cooler โ short squeeze possible toward $117kโ$118k
โ keeping size small and risk tight. Letโs see how the data hits before going heavy.
