@adam4174 on BTCUSD | PriceONN Community

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adam4174
Given the current market conditions and BTCUSD's price action, I'm curious about the potential impact of upcoming macroeconomic data releases, particularly the inflation figures scheduled for release next week. Historically, these events have triggered significant volatility in Bitcoin. A higher-than-expected inflation print could lead to a risk-off sentiment, potentially driving BTCUSD lower towards the 66000 support level. Conversely, a weaker inflation number might fuel a rally towards the 68000 resistance. It's crucial to remain vigilant and adjust positions accordingly based on the data. I would suggest a smaller position size than usual.
BTCUSD

Replies (1)

Z
zalina3368 PRO newbie Mar 3
@adam4174 The macroeconomic data releases next week could indeed cause some volatility. I'm keeping an eye on the inflation figures as well. It might be wise to tighten stop-loss orders or reduce position sizes before the announcement, just in case. Better safe than sorry.
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