🚨The CPI data is out, yet the market is a bit “all thunder and no rain”!
In August, the core CPI rose 0.3% month-over-month, above the expected 0.2%. Plus, strength in energy and housing prices has led the market to have essentially priced in this week’s 25-basis-point rate hike for the U.S. already.📊
But here’s what’s interesting: BTC only briefly dipped to around $767,000 before quickly rebounding to near $776,000. ETH is also holding steady at about $2,500. This suggests the market’s current dilemma isn’t just “whether they’ll hike or not,” but rather—after this hike, is it basically done, or will there be further consecutive tightening afterward?
Meanwhile, BTC ETFs saw a net outflow of $462.7 million over the week, while ETH ETFs, against the trend, recorded a net inflow of $196.9 million. Capital is starting to show clear divergence.👀
📌In my view, the real focus this week isn’t the 25 basis points, but the tone and guidance that will follow from the Fed Chair. The rate hike itself isn’t scary—the risk is that the market suddenly realizes: tightening hasn’t actually reached the end.
For BTC, watch key resistance around $80k–$82k, and support around $75k–$76k. The market looks calm on the surface right now, but oil prices, inflation, Fed signals, and regulatory news are all piling up together—these next few days likely won’t be boring.🔥$BTC #比特币涨1.64%突破78000美元
In August, the core CPI rose 0.3% month-over-month, above the expected 0.2%. Plus, strength in energy and housing prices has led the market to have essentially priced in this week’s 25-basis-point rate hike for the U.S. already.📊
But here’s what’s interesting: BTC only briefly dipped to around $767,000 before quickly rebounding to near $776,000. ETH is also holding steady at about $2,500. This suggests the market’s current dilemma isn’t just “whether they’ll hike or not,” but rather—after this hike, is it basically done, or will there be further consecutive tightening afterward?
Meanwhile, BTC ETFs saw a net outflow of $462.7 million over the week, while ETH ETFs, against the trend, recorded a net inflow of $196.9 million. Capital is starting to show clear divergence.👀
📌In my view, the real focus this week isn’t the 25 basis points, but the tone and guidance that will follow from the Fed Chair. The rate hike itself isn’t scary—the risk is that the market suddenly realizes: tightening hasn’t actually reached the end.
For BTC, watch key resistance around $80k–$82k, and support around $75k–$76k. The market looks calm on the surface right now, but oil prices, inflation, Fed signals, and regulatory news are all piling up together—these next few days likely won’t be boring.🔥$BTC #比特币涨1.64%突破78000美元
