With tonight’s CPI data out, pressure is back on BTC.
It was just hovering near 84,000 and getting everyone excited, then suddenly dropped back to around 82,700.
The market really doesn’t give us much time to dream 🥲
According to the data released tonight, U.S. CPI rose 3.7% year over year in September, above the 3.6% forecast; core CPI rose 0.6% month over month.
Energy prices continued to climb, and Treasury yields reacted noticeably.
In short, inflation isn’t cooling as quickly as hoped, so expectations for rate cuts may be pushed further out.
Rising Treasury yields put short-term pressure on risk assets like BTC.
BTC briefly climbed to around 84,100 tonight, but then fell back to around 82,700, showing that selling pressure at this level is fairly strong.
There are two key levels to watch next: whether BTC can reclaim and hold above 84,000. Only if it holds and confirms support on a retest should you consider entering with a small position.
If it can’t hold around 82,600, don’t rush to buy the dip. Wait for confirmation that the price has stopped falling.
If you’re already holding a position, the most important thing tonight is to manage your leverage and position size. Don’t stubbornly hold on when the macro data is unfavorable, and definitely don’t add to your position on the fly just to lower your average cost.
There are opportunities in the market, but not every level is worth trading. Tonight, don’t try to call the bottom or chase the rally. Let’s wait until BTC’s direction becomes clearer. #OP代币今日上涨19.98% #Strive斥资2.8亿美元增持3311枚BTC #9月CPI来袭原油美债走势如何
It was just hovering near 84,000 and getting everyone excited, then suddenly dropped back to around 82,700.
The market really doesn’t give us much time to dream 🥲
According to the data released tonight, U.S. CPI rose 3.7% year over year in September, above the 3.6% forecast; core CPI rose 0.6% month over month.
Energy prices continued to climb, and Treasury yields reacted noticeably.
In short, inflation isn’t cooling as quickly as hoped, so expectations for rate cuts may be pushed further out.
Rising Treasury yields put short-term pressure on risk assets like BTC.
BTC briefly climbed to around 84,100 tonight, but then fell back to around 82,700, showing that selling pressure at this level is fairly strong.
There are two key levels to watch next: whether BTC can reclaim and hold above 84,000. Only if it holds and confirms support on a retest should you consider entering with a small position.
If it can’t hold around 82,600, don’t rush to buy the dip. Wait for confirmation that the price has stopped falling.
If you’re already holding a position, the most important thing tonight is to manage your leverage and position size. Don’t stubbornly hold on when the macro data is unfavorable, and definitely don’t add to your position on the fly just to lower your average cost.
There are opportunities in the market, but not every level is worth trading. Tonight, don’t try to call the bottom or chase the rally. Let’s wait until BTC’s direction becomes clearer. #OP代币今日上涨19.98% #Strive斥资2.8亿美元增持3311枚BTC #9月CPI来袭原油美债走势如何