#CPI数据 Crypto traders will be watching just one thing tomorrow night (Tuesday): the U.S. October CPI report at 9:30 p.m.
This is the last inflation report before the December rate-setting meeting. The next one won’t come out until December 10, by which time the meeting will already be over.
So tomorrow night’s figure will pretty much set the tone for December. Whether BTC and ETH move up or down will come down to that moment at 9:30.
Don’t just focus on “the year-over-year percentage.” The government shutdown last year left a gap in the data, so officials are mainly looking at the month-over-month figure this time. Many of the year-over-year numbers circulating are estimates from financial institutions, so take them with a grain of salt.
The market has already been shaky lately. The Nasdaq had a big down day a couple of days ago, BTC has been hovering around 74,000–75,000, and ETFs saw outflows of several hundred million in a single day recently.
When the data drops in a market like this, leverage can get wiped out by a single spike. Don’t go in heavily leveraged in the hour around 9:30, and don’t chase the first candlestick you see.
Wait five minutes and see which way the money is flowing before deciding.#CPI前瞻，12月利率走向迎关键考验
This is the last inflation report before the December rate-setting meeting. The next one won’t come out until December 10, by which time the meeting will already be over.
So tomorrow night’s figure will pretty much set the tone for December. Whether BTC and ETH move up or down will come down to that moment at 9:30.
Don’t just focus on “the year-over-year percentage.” The government shutdown last year left a gap in the data, so officials are mainly looking at the month-over-month figure this time. Many of the year-over-year numbers circulating are estimates from financial institutions, so take them with a grain of salt.
The market has already been shaky lately. The Nasdaq had a big down day a couple of days ago, BTC has been hovering around 74,000–75,000, and ETFs saw outflows of several hundred million in a single day recently.
When the data drops in a market like this, leverage can get wiped out by a single spike. Don’t go in heavily leveraged in the hour around 9:30, and don’t chase the first candlestick you see.
Wait five minutes and see which way the money is flowing before deciding.#CPI前瞻，12月利率走向迎关键考验
