# DataDependent

$BTC “Stirrup” rebounds as total certainty fades 💥
The market appears to be losing the crutch of forward guidance. The Federal Reserve states that every decision is now data-dependent, meaning that every reading of the Consumer Price Index (CPI) and jobs data becomes a potential catalyst for sharp moves. In addition, tensions in the Middle East add another layer of geopolitical uncertainty that the crypto market cannot ignore.
Trading volumes seem to be shrinking as traders wait for a clear direction. Expect choppy, volatile price action until risk appetite finds a clear path. The idea here