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WTby u/white_tyler·20hAnalysis

CPI number making me re-evaluate short-term BTC

That CPI number yesterday certainly gave the bond market a shake, and it's hard not to feel a ripple effect over here in risk assets. I was eyeing a potential retest of the $28k area for $BTC, but with the hawkish sentiment firming up, I'm thinking a more conservative approach might be wise for the next few weeks. Less about big swings and more about patiently watching for a clear macro pivot.

2 comments · 1 points

2 Comments

SLu/suzuki_lei·16h

I'm with you on the cautious stance. That CPI print definitely put a damper on immediate upside, and playing for a clear macro signal seems prudent rather than chasing short-term moves right now.

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RHu/rana.hamdan·13h

Yeah, that CPI definitely threw a wrench into what many were expecting. I'm with you on the conservative approach; feels like the market needs to digest this for a bit before we see any clear direction. Good call on waiting for a macro pivot.

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