#BITCOIN : Biggest PUMP or DUMP Coming ⁉️
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- Today is crucial for Bitcoin due to the release of the inflation rate (CPI) and interest rate decision.
- Bitcoin has been in a downward trend and broke below the $68,000 support level.
- The trend could continue or reverse depending on the news.
- Historically, similar events have led to a relief move after the news is released.
- A lower-than-expected inflation rate could lead to a bullish reaction and a potential move towards $70,000.
- A higher-than-expected inflation rate could lead to bearish momentum and a potential drop to $64,000-$63,000.
- There is a slight bullish bias but caution is necessary due to market volatility.
- Capital preservation is recommended due to the high volatility expected today.
