LIVE📈 An interesting week!
BNB and TON are reaching new all-time highs, ahead of the anticipated altcoin season at the end of the year.
Today, I want to talk about something specific!
CPI - Consumer Price Index.
You often refer to various American meetings, like Parent Index No. 1, No. 2, Black Lives Matter Index, Mexican Drivers Index transporting illegals across the border, etc.
The only real correlation is with the CPI - Consumer Price Index (inflation) and the Personal Consumption Expenditures (PCE) price index included in it.
The correlation is as follows.
When a higher percentage is expected, the Consumer Price Index is bearish for cryptocurrency, while a lower-than-expected Consumer Price Index is bullish.
Let’s clarify this with numbers.
When a low percentage is forecasted, for example, 3.3% or below, and the meeting is scheduled for June 12, it's likely to expect a price increase until the 12th.
If the forecast for the upcoming July is, for instance, 3.5% or higher, the month is expected to be bearish.
ETF traders closely monitor these indices, and their purchases are directly correlated with these indices.
That’s the gist of it!
LIVE
