There are still many uncertainty in the market. Therefore I think the market will have a sudden plunge to the resistance line to wash away retail investors and start a new bear market rally. If the CPI data is still In line with expectations or bad than expectations (lower CPI means lower Inflation), then we might see a very strong rally for cryptocurrency market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.