🇺🇸 ABD inflation data will be announced in half an hour.


Expectation: 3.7%
Previous: 3.3%
📉 If the data comes in below expectations:
The pressure on Fed interest rates decreases.
Dollar and bond yields may pull back.
This situation is especially positive for #Bitcoin and altcoins. Risk appetite may increase.
📈 If the data comes in above expectations:
The likelihood of the Fed keeping interest rates high for a long time increases.
The US dollar index may rise.
This could lead to short-term sharp sell-offs and increased volatility in the crypto market.
In summary;
Low inflation = Positive for crypto
High inflation = Negative for crypto
It’s an important data point, so I am eagerly waiting.
And that’s why I haven’t started my analyses today yet.
BTC-1.08%
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