$BTC Tonight we’re about to welcome another big wave of volatility!
The US Producer Price Index is about to be released.
Beijing time 20:30—officially kicks off!
Whether inflation can keep cooling depends on this data.
Both bulls and bears are waiting for it to ignite the move!
The US Bureau of Labor Statistics schedule has confirmed that the June Producer Price Index will be released at 8:30 AM ET, tonight at 20:30 Beijing time. It reflects upstream costs for businesses and will also affect the Personal Consumption Expenditures (PCE) inflation that the Fed prefers, but it is not ranked as “second most important” in any official list.
If the data comes in below expectations, the US dollar and US Treasury yields may have room to fall, and BTC will be more likely to continue its rebound; if it comes in above expectations, inflation concerns will flare up again and risk assets could immediately amplify their volatility.
Below expectations—bulls keep charging.
Above expectations—the market flips fast.
Click the card below and get going!👇$ETH $SOXL #ppi
The US Producer Price Index is about to be released.
Beijing time 20:30—officially kicks off!
Whether inflation can keep cooling depends on this data.
Both bulls and bears are waiting for it to ignite the move!
The US Bureau of Labor Statistics schedule has confirmed that the June Producer Price Index will be released at 8:30 AM ET, tonight at 20:30 Beijing time. It reflects upstream costs for businesses and will also affect the Personal Consumption Expenditures (PCE) inflation that the Fed prefers, but it is not ranked as “second most important” in any official list.
If the data comes in below expectations, the US dollar and US Treasury yields may have room to fall, and BTC will be more likely to continue its rebound; if it comes in above expectations, inflation concerns will flare up again and risk assets could immediately amplify their volatility.
Below expectations—bulls keep charging.
Above expectations—the market flips fast.
Click the card below and get going!👇$ETH $SOXL #ppi