Several U.S. economic reports released this evening came in collectively bearish: initial jobless claims, September retail sales, and both the annual and monthly PPI readings all exceeded market expectations. But bearish data don’t necessarily mean the market will immediately plunge. The short-term impact of this batch of data is limited, and it’s unlikely to trigger a sharp, one-way move.
The simultaneous strengthening of several indicators further confirms the resilience of the U.S. economy and keeps open the possibility that the Fed will maintain a relatively hawkish stance. However, the impact of a single round of data is limited, so price action will most likely continue to fluctuate within its current range near the bottom.
There’s no need to blindly chase shorts just because the data are bearish. The key is to watch how trading volume develops after U.S. stocks open this evening, and how the equity market digests this batch of data before judging which direction the crypto market will take next. For now, stick with a range-bound outlook and patiently wait for a clear signal from price action.
#以太坊跌破2400美元 $BTC #以太坊清算额占加密市场60% $ETH
The simultaneous strengthening of several indicators further confirms the resilience of the U.S. economy and keeps open the possibility that the Fed will maintain a relatively hawkish stance. However, the impact of a single round of data is limited, so price action will most likely continue to fluctuate within its current range near the bottom.
There’s no need to blindly chase shorts just because the data are bearish. The key is to watch how trading volume develops after U.S. stocks open this evening, and how the equity market digests this batch of data before judging which direction the crypto market will take next. For now, stick with a range-bound outlook and patiently wait for a clear signal from price action.
#以太坊跌破2400美元 $BTC #以太坊清算额占加密市场60% $ETH