Did the Fed minutes bring no fresh shock, giving the market a chance to catch its breath?
The Fed meeting minutes released last night still had a hawkish tilt, with most participants saying further rate hikes before year-end could be appropriate. But this direction was already reflected in the September dot plot, and the minutes offered no clear new timetable for rate hikes.
Markets have repeatedly priced in these headwinds, so the minutes brought no obvious fresh shock. Risk assets may instead get a brief breather.
On top of that, demand was strong at last night’s $39 billion 10-year Treasury auction, with the bid-to-cover ratio rising to 2.77. Treasury yields retreated from their intraday highs, giving the market a little more breathing room.
The long-entry idea I shared yesterday around 82–83k for Bitcoin was also based on looking for a rebound near the bottom of the trading range. Last night’s news offered some support for that idea, though the price is still hovering near the lower end of the range.
Can Bitcoin use this brief respite to rebound through the trading range once again?
#美联储纪要聚焦10月暂停加息
The Fed meeting minutes released last night still had a hawkish tilt, with most participants saying further rate hikes before year-end could be appropriate. But this direction was already reflected in the September dot plot, and the minutes offered no clear new timetable for rate hikes.
Markets have repeatedly priced in these headwinds, so the minutes brought no obvious fresh shock. Risk assets may instead get a brief breather.
On top of that, demand was strong at last night’s $39 billion 10-year Treasury auction, with the bid-to-cover ratio rising to 2.77. Treasury yields retreated from their intraday highs, giving the market a little more breathing room.
The long-entry idea I shared yesterday around 82–83k for Bitcoin was also based on looking for a rebound near the bottom of the trading range. Last night’s news offered some support for that idea, though the price is still hovering near the lower end of the range.
Can Bitcoin use this brief respite to rebound through the trading range once again?
#美联储纪要聚焦10月暂停加息