Inflation just came in hotter than expected. 3.7% vs 3.6% forecast. Bitcoin's reaction: Opened near $83K. Tagged $84K. Now sitting around $81.7K. But the real story isn't the price. Earlier this week, markets saw about an 80% chance the Fed would NOT hike in October. After this report, the odds of a hike are roughly 50/50. Rate hikes drain liquidity. And BTC runs on liquidity. Levels I'm watching: $80K is the line bulls have to defend. Lose it, and $77K comes into play. Hold it and reclaim $84K, and this was just noise. 👀