A new week has begun! Gotta say, Token 2049 last week gave us some nice, quiet time to fully focus on the event. But starting next week, things are about to get rough. The most important event is Wednesday’s CPI release. Inflation is almost certainly going up across the board—it’s just a matter of whether the increase is within expectations. And to make things worse, the Hormuz issue still hasn’t been resolved. U.S. oil prices in October are already higher than in September. This suggests that rising inflation might not just be a September issue. October’s inflation data could look even worse. With just over 20 days left until the midterm elections, you can see Trump is trying hard—like importing diesel from Russia to lower U.S. oil prices. But Iran isn’t backing down either. In the past 24 hours, two more oil tankers hit mines in Hormuz. This makes oil prices even more painful. Next Wednesday’s CPI, Thursday’s PPI and retail data, and Friday’s U.S. import data index—all these numbers will create volatility in the risk markets. Especially the CPI data, which will directly impact the Fed’s monetary policy. Personally, I don’t think there will be a rate hike in October, but who knows? If inflation is really bad, the Fed might just go all in. Right now, Bitcoin still looks relatively stable. But if the market sees significant volatility, even bitcoin:native won’t be spared. Before Wednesday, I’m sticking to my dual-token strategy around $80,000. After the CPI data is released, I’ll adjust accordingly. Slightly worried it might dip below $80,000. Shoutout to @Gate for trading more markets!