If the CPI number comes in low that will be bullish for bitcoin so expect a pump and be ready to long bitcoin.. If the CPI numbers come in hot and higher than expected, that will be bearish for bitcoin which means bitcoin will drop and its time to short. Release of the CPI numbers will help us predict how much of a rate hike we get from the Fed at the next FOMC meeting whether it's 50bps or 75bps. There will be a lot of volatility over the next few days so be ready to trade the swings.

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#bitcoin #CPI #FOMC

This is not financial advice! these are only my views and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.

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