Right now the market feels like it’s in waiting mode as everyone focuses on #CPIWatch 📊 Traders know inflation data can quickly change sentiment. If CPI comes lower than expected, confidence could return and we might see a bullish push across crypto as risk appetite grows again.
But the bearish side is still possible. A higher CPI reading could bring fear back into the market, causing sudden volatility and short-term selling pressure.
At the moment, it feels like the market is holding its breath, waiting for direction. Staying calm, managing risk, and avoiding emotional trades is probably the smartest move until the numbers are out.