The weekend situation was still pretty normal, and nothing weird happened. The key focus this week is Thursday's PPI and Friday's CPI data. In particular, the CPI data will be a very strong guide for the market's September Fed expectations. Although I think the Fed is very unlikely to raise rates unless inflation surges significantly, the market will definitely still worry.
The day before yesterday I roughly said that before the dot plot comes out, I wouldn't rush to buy the dip. Even for $BTC dual-currency, I would still keep about 5% downside room. The main concern is whether the Fed voters will try to give Trump a surprise at the September meeting. That possibility exists, and they can scare the market without actually changing interest rates.
If by the time of the meeting the U.S. and Iran still don't have a clear direction, or if Iran still has no intention of opening shipping lanes to certain countries for now, then a September rise in inflation will definitely affect the Fed. In that case, should the market be tightened up a bit first and then wait for the medium-term? I don't know either, but if that happens, it definitely won't be a good thing.
But let's get through next Friday first. If Friday's data already shows inflation starting to rise, then the market will very likely begin panicking ahead of time. So next week's dual-currency trades will be more cautious, especially avoiding the CPI data. #BTC走势分析 #CPI数据 $BTC
The day before yesterday I roughly said that before the dot plot comes out, I wouldn't rush to buy the dip. Even for $BTC dual-currency, I would still keep about 5% downside room. The main concern is whether the Fed voters will try to give Trump a surprise at the September meeting. That possibility exists, and they can scare the market without actually changing interest rates.
If by the time of the meeting the U.S. and Iran still don't have a clear direction, or if Iran still has no intention of opening shipping lanes to certain countries for now, then a September rise in inflation will definitely affect the Fed. In that case, should the market be tightened up a bit first and then wait for the medium-term? I don't know either, but if that happens, it definitely won't be a good thing.
But let's get through next Friday first. If Friday's data already shows inflation starting to rise, then the market will very likely begin panicking ahead of time. So next week's dual-currency trades will be more cautious, especially avoiding the CPI data. #BTC走势分析 #CPI数据 $BTC
