Bitcoin Eyes $137K as Cooling CPI Boosts Fed Cut Odds

I believe the cooling US CPI and the resulting 94% implied odds of a Fed rate cut are driving renewed bullishness in Bitcoin. Traders are targeting $137,000 while the market pushes through $120,000 as a nearer-term milestone.

I see this as a macro-driven rally: lower real yields and easier policy expectations favor risk assets like BTC, but volatility and macro data releases can quickly change the outlook.

I'm positioning more tactically — scaling in on pullbacks and using disciplined risk management rather than committing oversized exposure at current levels.