UPDATE ON MY CPI STATEMENT: October CPI inflation RISES to 2.6%, in-line with expectations of 2.6%.
Core CPI inflation was 3.3%, in-line with expectations of 3.3%.
Note the word 'expectations' that is what I missed, sorry it's my mistake ‼️ [still don't be bullish on $BTC we might get a dump from 90-91k for long liquidations - if pumps more we will act accordingly]
And Yes, CPI rose by 0.2% which is a bearish signal, but currently btc reacted to the 'expectation' CPI data which is neutral 👀
Note: Both headline and Core CPI inflation are now higher than they were 2 months ago.
LIVE
Al Crypto
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🚨U.S. CPI Inflation Comes Out Today in 20 Minutes From Now (8:30 am ET) 🇺🇲
🔻Here's What You Need to Know:
• If CPI Below 2.3% = Bullish • If CPI Above 2.3% = Bearish • If CPI 2.3% = No Major Move