The latest Consumer Price Index (#CPI) data for January 2024 indicates a year-over-year inflation increase of 3.1%, surpassing the anticipated 2.9% but showing a slight decrease from the previous month's 3.4%. This suggests that while inflationary pressures have moderated slightly, they remain more persistent than expected, posing implications for economic policy and financial markets.

What does it mean for market? I have expected some bearish moves, but #BTC stays strong, just minor swings so far. That's a strong bullish sign, market has no fear for bad news like these. Even if it will dip more, expecting quick recovery.

Let's see how it goes, I might be wrong, but most likely just for a short term. What do you think? 🤔