Guys, let me share something!
Today, I waited for the market to give us a good price where I could share the entries, but we didn’t get the move we were looking for. So, what could the move look like tomorrow?
For $BTC , $SOL , and the major alts, especially $ETH , keep an eye on the market. We can have some fake moves before the data, so we will wait for the perfect entry.
We have the Core PCE data coming in, with the forecast at 0.3% while the previous was 0.2%.
Core PCE m/m: Forecast 0.3% vs Previous 0.2% → higher inflation pressure → potentially USD bullish / risk assets bearish.
Final GDP q/q: Forecast 1.5% vs Previous 1.5% → neutral.
Final GDP Price Index: Forecast 6.4% vs Previous 6.4% → neutral.
This could have a negative impact on the crypto market. Why is it important?
The reason is simple: higher inflation can increase the pressure for tighter monetary policy. We also have the Non-Farm Employment Change and Unemployment Rate, and both are important. Already ocotber rate hikes are been in talks with the
If Core PCE rises and employment remains strong, it could strengthen the case for tighter monetary policy. So I’ll be keeping a close eye on all these data points
I’ll make my entries tomorrow on the majors.
For now, wait. You know it patience always pays.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #JapanFSABacksFourthStablecoinTradeSettlementPilot
Today, I waited for the market to give us a good price where I could share the entries, but we didn’t get the move we were looking for. So, what could the move look like tomorrow?
For $BTC , $SOL , and the major alts, especially $ETH , keep an eye on the market. We can have some fake moves before the data, so we will wait for the perfect entry.
We have the Core PCE data coming in, with the forecast at 0.3% while the previous was 0.2%.
Core PCE m/m: Forecast 0.3% vs Previous 0.2% → higher inflation pressure → potentially USD bullish / risk assets bearish.
Final GDP q/q: Forecast 1.5% vs Previous 1.5% → neutral.
Final GDP Price Index: Forecast 6.4% vs Previous 6.4% → neutral.
This could have a negative impact on the crypto market. Why is it important?
The reason is simple: higher inflation can increase the pressure for tighter monetary policy. We also have the Non-Farm Employment Change and Unemployment Rate, and both are important. Already ocotber rate hikes are been in talks with the
If Core PCE rises and employment remains strong, it could strengthen the case for tighter monetary policy. So I’ll be keeping a close eye on all these data points
I’ll make my entries tomorrow on the majors.
For now, wait. You know it patience always pays.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #JapanFSABacksFourthStablecoinTradeSettlementPilot
