NO RATE CUTS GOT BTC TRAPPED: Is flat CPI keeping us at 65K to 72K?
$BTC is indeed trading within the $65,000 to $72,000 range, currently hovering around $70,031. The market is largely reacting to a flat February CPI print and shifting Federal Reserve expectations.
1. CPI and Macro Factors
🔹Inflation Matches Forecasts: The February Consumer Price Index (CPI) held steady at 2.4% year-on-year, matching analyst expectations exactly.
🔹Relief but No Momentum: While the in-line data provided a modest relief rally back above $70,000, it also reinforced the view that the Fed has little reason