Tonight’s first rate-cut hint—how will BTC move?
Currently expected at 208k, previous 206k. Yesterday’s PCE came in above expectations, and inflation pressure hasn’t finished yet—so tonight’s data is crucial.
If the data comes in below expectations, it means the jobs market still has resilience. That would support the dollar and U.S. Treasury yields, which may not be good for BTC.
On the other hand, if it comes in above expectations, it would further cool the jobs market. The market would then reprice rate-cut expectations, and BTC could get a wave of sentiment-driven momentum.
But in the end, the direction will still be determined by what Powell says at Jackson Hole.
So we’ll have to see how the dollar and U.S. Treasury yields move later. If you’re unsure and can’t see through it, just come to the chat room and find Jiaqhi—hop on the ride together tonight for a big plate of meat!
#初请失业金 #韩国央行加息25基点至3%
Currently expected at 208k, previous 206k. Yesterday’s PCE came in above expectations, and inflation pressure hasn’t finished yet—so tonight’s data is crucial.
If the data comes in below expectations, it means the jobs market still has resilience. That would support the dollar and U.S. Treasury yields, which may not be good for BTC.
On the other hand, if it comes in above expectations, it would further cool the jobs market. The market would then reprice rate-cut expectations, and BTC could get a wave of sentiment-driven momentum.
But in the end, the direction will still be determined by what Powell says at Jackson Hole.
So we’ll have to see how the dollar and U.S. Treasury yields move later. If you’re unsure and can’t see through it, just come to the chat room and find Jiaqhi—hop on the ride together tonight for a big plate of meat!
#初请失业金 #韩国央行加息25基点至3%
