Be Prepared before CPI Report

djbravo

Published: 09 May 2023 › Updated: 09 May 2023 Be Prepared before CPI Report

Be Prepared before CPI Report

Hi hive friends.
Hopefully all of you are fine. As you have been saying for the past few days, I see the market going down and you all saw that Bitcoin has gone from 30 thousand to 27 thousand dollars right now. Tomorrow is going to be a very special day for the market as we see a lot of ups and downs in the market whenever news like this comes out. Tomorrow is CPI report if the revelation comes that people are thinking then the market will come back to the same place.

Within the 24-hour chart, the way we see it, Bitcoin seems to be standing still, and most of the market has been down since then, but there's news tomorrow. Because we can look at something inside the market. If Bitcoin goes above 27690 from its closing today, we may see the market move higher tomorrow.

The way we're seeing Bitcoin still at one place that people are putting a little bit of their money into the lower coins, which is why we have the rest of the coins, which today they seem to be coming up a little bit. If it stays on the same level now and doesn't come down even after tomorrow's report, we will see the market going up.

At this point the investor has taken most of their money out of the market because the report is coming. When the report is good, they will once again put money in and we will see the coin go up. At the moment it is making support at 36 cents as it hasn't gone below that in 24 hours. Small ones that are suppots should not be seen at all. 24 Hour Sport can be considered a big support.

Bitcoin, which is also almost at a standstill, and the way we have seen that today, we have neither seen an increase nor a decrease in its price, at that time people are their own money. There is neither taking out of the market what is left nor people putting in more money due to which we see the market standing still.

We have seen altcoins going up a little bit is only because of the way we are seeing that the bitcoin dominance came down in the morning because of people putting some money into the altcoins. If it remains like this and the Bitcoin does not come down, it just keeps coming down from its dominance, then we can see the pump in the altcoins.

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Written by Asad Chughtai

EDUCATIONIST

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Be Prepared before CPI Report