Tomorrow on August 10th 2022, the Fed will release their CPI (Consumer Price Index) Report along with the monthly inflation report. These reports are being much more anticipated than usual because this could be the potential report to assure the public that inflation is under control and we are in a phase of healthy correction. Many feel the report will be good which could trigger a bullish event for the crypto market. Nearly everyone on CT seems to believe now is a good time to buy but, be careful, who knows what will be said during the report and how the market will react.

If we get a good inflation report and the market sentiment is good, I can see this bear market rally lasting for a few more months, with BTC and ETH slowly crabbing upwards. Ultimately I feel another big leg down is in the works and history usually repeats itself. I believe $ETH can top out around $2000-2100 before a retracement back towards $800. Unfortunately, I just have this feeling the market is going to get nuked by bearish news events about Russia or China and what all this does to the economic stability. The American Government also spent so much money during the Covid pandemic, just printing pallets of money, we have to wonder if max pain truly been priced in yet. Zoom out, the big picture is crypto has cycles and is ultimately here to stay. Just be patient, DCA and watch for opportunities.