CPI data on Wednesday - Expect some volatility!

٩ أبريل ٢٠٢٣

Here's a quick look at the 8 hr. BTC.
Quick reminder: CPI data on Wednesday! 71% is expecting a 25 bps rate hike. Be prepared for some volatility during the release of the CPI data!

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Recent Altcoin trades:

ARB / USDT: 5% profit

DOGE / USDT: 20% profit

XRP / USDT: 9% profit

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Don't turn bullish until this zone is broken!

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Trades to keep an eye on:

DOGE / USDT

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With regards to ALTs:
The Altcoin market cap is struggling to break the 620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC, so a dip in BTC price will hurt Altcoins too.
Keep an eye on the 620B mark if you're looking to trade some ALTs

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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!