Bitcoin Rebounds After CPI Shock: Fed Cuts Delayed, Market Eyes Trump’s Response 👀
After a hotter-than-expected CPI print, markets panicked as expectations for the Fed’s first rate cut shifted to December. BTC plunged from $96.5K to $94K, liquidating $163M in longs, before rallying back to $98K for a 4.4% gain.
Options skew favors calls, particularly for this Friday’s expiry, with heavy interest in the $97K-$100K range. The market now watches for Trump’s reaction to the CPI data, while Fed Chair Powell is expected to stick to a data-dependent stance.
If you enjoy my content, feel free to follow me ❤️
