CPI Data Today at 5.30 pm UAE Time. What To Do as a Trader?

Today is a very special day for every crypto trader because today is the day when the market goes up and down by thousands of dollars because of today's report that the inflation in the US has been running at a certain rate for the last month.

For the last two months this report is in favor of the market due to which we see the market going higher and this time also most of the expert people are saying that either the data will not be increased where If this happens, then the market will see us standing at the same place. Not to worry as long as the market stands above 36300.

I was reading some news just now and all the things that are going on in the US right now that inflation is coming down and that could have a very good effect on the market after today's report if that's the way it is. If the interest rate is reduced a little bit, then we will see people once again take their money out to the crypto market and then we will see the market go up.

It is wise to never open a trade without a stop loss because anything can happen today and if you make this mistake you can lose thousands of dollars. You must set your stop loss if you are opening any kind of trade.

Here I share my experience with you. I also feel the same this time that they will reduce the interest rate and it will be taken above the market. People are still talking about that the market has gone up a lot. If it goes down from here, people will still open most of the short positions, but this time they will be cheated once again and the market can be taken to $39,000 once again.

For those who trade support, there is no problem, the market goes down and then stops again after a day or two, and those who have long-term buys have So this day is not so important but for those who are future traders this day is very important because within this day the market can show a thousand dollar dump and pump.

About two full hours from now it will be reported and we all will know what is going to happen today and here if I share some things with you, if the market breaks the 36300 level as it is. So then we should try to put our entries into altcoins because by then it will be down six to seven percent and then it will go up again so we can make a good profit here.

The good news for altcoins holders is that the number of days Bitcoin has been trading at the same spot is a lot of good news, which is why altcoins have seen us move higher if we look at the trend. Take and look at Luna a lot of coins like that have gone up so now bitcoin has tried to get a little bit on the lower side so the altcoins are looking down for us a little bit but nothing to worry about as far as that goes. I think they can lower the rate to what it is, if that happens, then the market will go up.

People were saying about Salana and BnB that they are going to end now and their time is up but I have already mentioned in my posts that these two projects are the back of the market and are nowhere to be found.

And exactly the same has happened if we look at BNB, it has once again increased from 200 dollars to 250 dollars and if we look at Solana, Solana has hit a low of 8 dollars to 62 dollars. Now those who were wise would have done DCA in it and bought it at eight dollars, they would have made a very good profit by now.

Still if we see, there are many coins in the market which are not pumped and have Axs in them and if the reports continue to be good this time too, everything will continue as it is and the market would have stopped at Rs 48,000. If it stops at 42 thousand then we will see a lot of investment in this coin and it will go straight above 12 dollars from here. There is a good opportunity but the risk is one's own, every person should invest after doing their own research.

My personal opinion here for the price of Bitcoin is that if Bitcoin doesn't break below 36300 today and close its candles, it will once again see us go back to $39,000. Within the next few days, however, if it breaks this support, then it could see us going as high as $33,000.

And how much it goes up and down after today's report, all things will be clear from here and a wise trader does his own research and takes care of everything else and collects knowledge from everywhere.

And if we talk about ethereum here, within yesterday and day after day we have seen its price increase because its ETF is also going on and we will see that if an ETF bit If this coin gets approved then the market will see us go much higher as people are waiting for all the news to come out and put money in and the next five days are going to be very special.

Among them, if Bitcoin ETFs are approved, the market will once again be very bullish, and if we wait for the next date, then the market will see us bear Ethereum a little.

The most prominent topic in the market at the moment is ETFs, whether they are Ethereum or Bitcoin, both of which will start to gain traction within a short period of time, and then the market will go up. It will be impossible to stop.