There are two important events in the crypto market to watch closely next week. In addition to observing intraday trading volume, early morning trading and market sentiment on Monday, there are two key news aspects to pay attention to.
The first is the release of the U.S. monetary policy minutes next Wednesday. At this time, the presidents of major U.S. banks will express their respective views on the Fed's interest rate hikes at the end of the year. In addition, the presidents of other U.S. banks will also give speeches next week to discuss the Fed's agenda for future interest rate hikes, etc.
This is followed by U.S. CPI data, or consumer price index, released on Thursday. This is a key data measure of U.S. inflation and could have a significant impact on expectations for the Federal Reserve to raise interest rates. Of particular concern is the annual rate of CPI, which will directly affect the Federal Reserve's monetary policy decisions. What needs attention is the core annual and monthly U.S. CPI data. The core data excludes the impact of food and fuel prices. Although economists generally expect the core U.S. CPI data to increase by 0.3%, the same as the previous value, the current energy problems in the United States may push up this month's annual CPI data, causing the inflation rate to rebound slightly, increasing the possibility of the Federal Reserve raising interest rates. possibility.
It should be noted that the market's concerns about the Federal Reserve's future interest rate hikes are gradually decreasing. In fact, the higher the expectations for interest rate hikes, the smaller the market decline is likely to be. If the market starts to rebound actively next week, and at the same time there are more voices in the market calling for a pause in interest rate hikes, it may promote bullish sentiment in the market.
To sum up, expectations of the Federal Reserve raising interest rates are gradually increasing, and the market may be less affected. If there are signs of a pause in interest rate hikes, the market may rebound strongly. This judgment is based on the current market conditions. I will make a detailed analysis and judgment based on the actual disk data next Monday.
