🔥 Crypto Volatility: Inflation WORSE Than Expected🚨

A couple of days ago I made an analysis on BTC and my expected targets for after today's CPI release.

🔥 Bitcoin & 13 Sept CPI Inflation Data: What To Expect


The initial reaction to the CPI reading is that it's worse than expected (consensus), therefore the market is selling-off.

Most important are the CPI YoY, and both the CPI's ex food & energy. All three of them are performing worse than expected.

In my view, the most negative reading of all is the +0.6% month-over-month CPI for August. With a consensus and a previous reading at +0.3% it means that inflation is actually accelerating faster than the market thinks.

The most likely scenario would be to expect a further sell-off. However, initial reactions to big news events do often overshoot, so wait for the market to clear up (wait a day or two) to see how this news is digested.
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