The nonfarm aftershocks aren’t over yet! The rate-hike odds get smashed to 17%, and BTC 85,000 “sell-wall” becomes the focus
$BTC $ETH #美联储10月加息概率降至17%
With nonfarm adding 29,000 new jobs and the unemployment rate at 4.2%, the odds of a rate hike in October drop straight from 28% to 17%. Rates are kept unchanged, and the probability of maintenance rises to 83%. Did the market suddenly stop fearing rate hikes? But don’t rush—no rate hike doesn’t mean a rate cut. High rates will still stay, and September’s CPI is the real tough battle. The Fed is also stuck in a dilemma: hike and risk kicking employment, or don’t hike and risk an inflation rebound.
On the charts, the 85,000–85,500 BTC area is being suppressed by sell walls in the order book. Glassnode describes this rebound as “too speculative, not enough volume.” If 83,500 breaks, 81,000 is the key level to watch. For ETH, on the short term, pay attention to the strength of support around 2,628.
This week, the Fed meeting minutes are set to be released. Disagreements between bulls and bears remain huge. At this point, no one can be sure. Instead of guessing the direction, it’s better to keep a close eye on volume and macro data. Which side’s signal are you more focused on? #比特币冲击8.7万美元遇阻回落
$BTC $ETH #美联储10月加息概率降至17%
With nonfarm adding 29,000 new jobs and the unemployment rate at 4.2%, the odds of a rate hike in October drop straight from 28% to 17%. Rates are kept unchanged, and the probability of maintenance rises to 83%. Did the market suddenly stop fearing rate hikes? But don’t rush—no rate hike doesn’t mean a rate cut. High rates will still stay, and September’s CPI is the real tough battle. The Fed is also stuck in a dilemma: hike and risk kicking employment, or don’t hike and risk an inflation rebound.
On the charts, the 85,000–85,500 BTC area is being suppressed by sell walls in the order book. Glassnode describes this rebound as “too speculative, not enough volume.” If 83,500 breaks, 81,000 is the key level to watch. For ETH, on the short term, pay attention to the strength of support around 2,628.
This week, the Fed meeting minutes are set to be released. Disagreements between bulls and bears remain huge. At this point, no one can be sure. Instead of guessing the direction, it’s better to keep a close eye on volume and macro data. Which side’s signal are you more focused on? #比特币冲击8.7万美元遇阻回落