Today or tomorrow is the CPI data report which will be announced and will surely affect the crypto market.
CPI data becomes positive will take the market upside but in case report is negative the market will dump.
But now the question is should we be worried about CPI report. This is the concern for the traders and short term investors.
In case the report comes negative it will take down #Bitcoin only with $2000 and also in case of good news #Bitcoin is expected to pump only with $2000.
There is no concern for long term investors but for traders they must be careful because $2000 move may liquidate either side.
Today maybe 5:30 PST CPI report will come which will bring short time volatility in the market. Maybe small pump or dump.
The purpose of this post is to aware traders and short term investors in order to avoid losses.
What do you people think about CPI data? Will it come with positivity? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.