We are here today is the CPI announcement day and the crypto and equity markets are heated!!!
As I said before I don’t thing we would see a big bounce but as long as the SXP is above 3900 the bulls are in control and everything is possible.
If the 3900 are lost as support and we fall under 3880 then the a revisit of the lows is probable.
I believe BTC and ETH have found the local top so maybe a bit of retrace ?
Now the thing that will decide everything is the CPI. Big volatility is expected today. The markets are expecting the CPI to come at a 0% month over month and then the core CPI 0.3% month over month the previous was 0.2% month per month. Now from the data I have seen so far I have slight feeling that we will see I negative CPI and a core maybe 0.1% . If we get this then this month will be very strong 💪 up until the big companies results starting to hit the news and FUD becomes the dominant feeling once again.
Of CPI comes to above 0% and all hell break loose we revisit the lows or even further down and the real shit show in traditional and crypto markets begins! 😂😂
Well in what I am concluding? That nothing is sure the markets and the economy is in really weird place that we cannot easily say we will go up from now or down. That is happening when the sentiment is so negative.
A bullish news for all crypto.
Amazon web services and avax announced a partnership yesterday!
Cloud-computing platform Amazon Web Services will work with Ava Labs to try to bring wider adoption of blockchain technology by enterprises, institutions and governments
The partnership will make it easier for developers to launch and manage nodes on the Avalanche blockchain, as AWS will support for Avalanche’s infrastructure and decentralized applications (dapps).