🇺🇸 U.S. CPI Data Coming Today at 6 PM IST.


➡️ CPI YoY Expected: 3.7%
➡️ Previous: 3.3%
➡️CPI measures inflation in the U.S. economy and is one of the most important indicators for Fed rate decisions.
💰 Impact on Bitcoin 👇
If CPI comes below expectations → Bullish for Bitcoin & risk assets🔼
If CPI comes above expectations → Bearish for Bitcoin as rate cut hopes may weaken🔽
BTC-1.8%
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