Today's panic index is 44, falling into a state of panic.
Although the market expects the Federal Reserve to further cut interest rates, the US dollar has unexpectedly remained strong, even after disappointing non-farm payroll data did not lead to a significant drop. As of now, the impact of tariffs on commodity prices seems to be mild, and a potentially bigger headache for the Federal Reserve is the recent rebound in service sector inflation. The overall CPI year-on-year in August is expected to rise slightly by 0.1 percentage points to 2.8%, while the core CPI year-on-year may remain unchanged at 3.1%. The key support level for ETH is $4260, and if it breaks below, attention should be paid to $4000. The key support for Bitcoin is at 107000, and if it breaks below, attention should be paid to the round number of 100000, which can serve as an entry point for those with open positions.
Although the market expects the Federal Reserve to further cut interest rates, the US dollar has unexpectedly remained strong, even after disappointing non-farm payroll data did not lead to a significant drop. As of now, the impact of tariffs on commodity prices seems to be mild, and a potentially bigger headache for the Federal Reserve is the recent rebound in service sector inflation. The overall CPI year-on-year in August is expected to rise slightly by 0.1 percentage points to 2.8%, while the core CPI year-on-year may remain unchanged at 3.1%. The key support level for ETH is $4260, and if it breaks below, attention should be paid to $4000. The key support for Bitcoin is at 107000, and if it breaks below, attention should be paid to the round number of 100000, which can serve as an entry point for those with open positions.