🔥 Bullish Outcome: If CPI falls below the expected 2.6%, expect a market rally and a growing possibility of a 50 basis point rate cut—the bulls may roar!
⚡ Bearish Outcome: A CPI figure above 2.6% could trigger a selloff, with markets pricing in a smaller 25 basis point cut. Time for the bears to run wild!
🌀 Neutral: If CPI hits 2.6% spot-on, we could see a quick pump and dump scenario, mimicking previous CPI releases. The calm before the storm—or the eye of it?
$ETH has already smashed yearly lows and currently sits close to a monthly support. Not gonna lie: $ETH needs $BTC to stay strong, otherwise things gonna get ugly.
I can't even imagine where $ETH will be in case $BTC goes mad and test $42k ☠️
Bitcoin failed holding the $62,000 support, not a news to anyone. There are just no buyers at these levels.
I am not touching $BTC as long as it stays below the $62,000 level. The only thing to consider is opening SHORT position in case of the $56,000 - $57,000 zone breakdown.