The CPI will be released soon these days.
The U.S. August CPI will be released on September 11. The market currently expects a month-over-month increase of 0.4% and a core CPI increase of 0.2%. With the previous Non-Farm Payrolls coming in clearly above expectations, the market’s pricing for a September rate hike has already reached around 60%. This inflation data could easily directly change interest rate expectations.
I still have a bullish view on Bitcoin and the行情 ahead, but I won’t open leverage too aggressively over the next couple of days.
You can continue holding spot; for futures, try to reduce leverage as much as possible.
Being right about the direction doesn’t mean the process won’t shake people out. First, survive the data release; then consider how to add positions.
$BTC $ZEC $ZEN
The U.S. August CPI will be released on September 11. The market currently expects a month-over-month increase of 0.4% and a core CPI increase of 0.2%. With the previous Non-Farm Payrolls coming in clearly above expectations, the market’s pricing for a September rate hike has already reached around 60%. This inflation data could easily directly change interest rate expectations.
I still have a bullish view on Bitcoin and the行情 ahead, but I won’t open leverage too aggressively over the next couple of days.
You can continue holding spot; for futures, try to reduce leverage as much as possible.
Being right about the direction doesn’t mean the process won’t shake people out. First, survive the data release; then consider how to add positions.
$BTC $ZEC $ZEN