đ„Shocking! Both CPI readings rebounded more than expectedâ inflation is back! How should you respond to BTC, ZEC, and gold?
The highly anticipated U.S. September CPI is out: headline CPI rose 3.7% year over year (3.6% expected, 3.4% previous), while core CPI rose 2.6% (2.5% expected, 2.4% previous)!
Both readings came in above expectations, and inflation has now risen for three consecutive months, abruptly ending the previous downward trend.
Key point: This inflation rebound isnât just a short-term energy-driven blip. Core inflation is picking up, showing that underlying price pressures remain. The odds of another Fed rate hike are rising again!
â $BTC : Rising rate-hike expectations are weighing on risk assets, putting them under pressure in the short term. Watch how well the broader market holds up. A recovery is possible if key support holds, but if selling volume surges, prices could retest lower levels.
â $ZEC : These sentiment-driven coins tend to see amplified volatility. If the broader market weakens, altcoins often sell off harder than BTC. Donât blindly bet on a rebound.
â $XAU Gold: Higher inflation is fueling rate-hike expectations and pushing Treasury yields up, putting gold prices under downward pressure in the short term. Gold will only have room to rebound if inflation falls rapidly going forward.
đĄIn a nutshell: Inflation hasnât cooled for good, uncertainty around monetary policy is growing, and market volatility could spike. Tighten up leveraged positions, and donât stubbornly hold oversized positions!
âQuestion for you: Now that the hawkish CPI report is out, do you think BTC will rebound in the short term as the bad news is priced in? #CPIæ°æź #BTCè”°ćżćæ #é»é #zec
The highly anticipated U.S. September CPI is out: headline CPI rose 3.7% year over year (3.6% expected, 3.4% previous), while core CPI rose 2.6% (2.5% expected, 2.4% previous)!
Both readings came in above expectations, and inflation has now risen for three consecutive months, abruptly ending the previous downward trend.
Key point: This inflation rebound isnât just a short-term energy-driven blip. Core inflation is picking up, showing that underlying price pressures remain. The odds of another Fed rate hike are rising again!
â $BTC : Rising rate-hike expectations are weighing on risk assets, putting them under pressure in the short term. Watch how well the broader market holds up. A recovery is possible if key support holds, but if selling volume surges, prices could retest lower levels.
â $ZEC : These sentiment-driven coins tend to see amplified volatility. If the broader market weakens, altcoins often sell off harder than BTC. Donât blindly bet on a rebound.
â $XAU Gold: Higher inflation is fueling rate-hike expectations and pushing Treasury yields up, putting gold prices under downward pressure in the short term. Gold will only have room to rebound if inflation falls rapidly going forward.
đĄIn a nutshell: Inflation hasnât cooled for good, uncertainty around monetary policy is growing, and market volatility could spike. Tighten up leveraged positions, and donât stubbornly hold oversized positions!
âQuestion for you: Now that the hawkish CPI report is out, do you think BTC will rebound in the short term as the bad news is priced in? #CPIæ°æź #BTCè”°ćżćæ #é»é #zec