The price has pushed up and reached our target successfully, with momentum still aiming for 5,460 and 5,491. Today’s CPI report is expected to significantly impact market movements.
Bullish Scenario: The price is likely to attempt reaching 5,460, with further movement depending on the CPI result. If the CPI comes in below 3.00%, this could drive the price higher.
Bearish Scenario: A CPI reading of 3.00% or higher could trigger a decline, with the price potentially falling to 5,409 and 5,372.
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