9.11
Yesterday, the Big Pancake market developed in an interesting way. It finally retraced to around 77,000, but unfortunately it didn’t hold, so it’s not suitable to enter. PPI enterprise-side data is ahead of expectations, while CPI resident-side transmission isn’t as fast. The key thing to watch tonight is core CPI.
Rate hikes are impossible. A rate hike would push financing costs in the bond market even higher, which is very unfavorable for midterm elections.
Conclusion: So tonight’s CPI downside impact will spread out later. Big Pancake, Auntie, and gold are basically “pulling into traffic” to pick up people. Pay attention to the 7w5 level.
$BTC $ETH #比特币金叉确认
Yesterday, the Big Pancake market developed in an interesting way. It finally retraced to around 77,000, but unfortunately it didn’t hold, so it’s not suitable to enter. PPI enterprise-side data is ahead of expectations, while CPI resident-side transmission isn’t as fast. The key thing to watch tonight is core CPI.
Rate hikes are impossible. A rate hike would push financing costs in the bond market even higher, which is very unfavorable for midterm elections.
Conclusion: So tonight’s CPI downside impact will spread out later. Big Pancake, Auntie, and gold are basically “pulling into traffic” to pick up people. Pay attention to the 7w5 level.
$BTC $ETH #比特币金叉确认
