A1 CRYPTO TRADING TODAY'S #CPI ANALYSIS ..how we thought that today's cpi data will affect the crypto market š...
With NFP lower and unemployment claims coming in much higher than expected over the last several weeks, investors need a lower CPI number today in order to keep a bullish bias across the crypto market. If not, we will see more sell off today as the Fed has to battle with worse economic conditions and higher inflation.
#Fed are ready to cause more bleeding to make sure we keep seeing decline in the cpi numbers.
ā If we see rate lower than economic forecast it's bullish across the crypto market.
ā if we see rate higher then economic forecast it's Bearish across the crypto market.
