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Non-farm payrolls have already exploded; tonight's CPI is it a knockout or a stop-loss?
Tonight's CPI has only three possible outcomes, and the crypto world’s fate is sealed:
1. Core month-over-month 0.35%~0.40% (most likely)
👉 Crypto: Gradual decline, frustrating, $64,000 support can't hold
Non-farm payrolls have already hammered the March rate cut, and if CPI shows "sticky inflation"—don’t expect June either. BTC is like being disconnected from oxygen—neither dead nor alive, the worst feeling.
2. Core month-over-month >0.45% (less likely, very black swan)
👉 Crypto: Immediate breakdown, see $60,000
The phrase "secondary inflation" just came out, US bond yields skyrocket, and the first thing institutions do: cut BTC to cover margin. Don’t expect safe-haven; it’s just high-leverage Nasdaq.
3. Core month-over-month <0.30% (very unlikely)
👉 Crypto: Violent rebound, but don’t get too excited
Touching $70,000 is possible, but don’t think about $73,000. Wosh is still here—who is he? A candidate for the new Federal Reserve Chair, a balance sheet reduction fanatic. If he doesn’t loosen his stance, BTC won’t have a bull market.
💣 One sentence:
As long as tonight’s CPI isn’t a "crash-like surprise below expectations," the crypto market is just a brief flash of light.
The real deep water bomb isn’t inflation; it’s when Wosh says the balance sheet reduction has stopped—if he stays silent for a day, BTC will have to lie on the ground for a day.