**📊 Daily Market Update

– Crucial Context Ahead of CPI

đŸ”č We need S&P 500 to keep pumping or at least not dump, for Bitcoin and the broader crypto market to sustain any upside.

đŸ”č If S&P stays flat, it gives temporary breathing room to Bitcoin, but not to the entire altcoin market.

That’s exactly what we’re witnessing now:

‱ S&P 500 is moving sideways, likely waiting on CPI data tomorrow, which is driving the current price action across markets.

‱ This sideways movement is allowing Bitcoin and a very few alt coins to pump.

‱ But make no mistake – this doesn’t indicate strength. This is shaping up as a liquidity trap before a bigger dump.

#DailyMarketUpdate