$BTC has fallen to around $74,000. Tonight’s CPI report could determine whether dip buyers break even or remain trapped.
October’s U.S. CPI will be released on November 10 at 9:30 p.m. Beijing time.
Inflation was as high as 3.7% year over year last month, and the Fed is still facing price pressures. BTC’s recent rebound has been weak, and institutional fund inflows remain insufficient.
If CPI comes in hotter than expected again, Treasury yields and the dollar could strengthen, putting the $74,000 support level to the test.
But if inflation cools significantly, the market may once again price in expectations of looser policy, triggering short covering.
I think the biggest risk to watch tonight is that the market has already fallen for several sessions, but may not have fully priced in the risk of inflation heating up again.
Which price do you bet BTC will hit first in the 24 hours after the CPI release?
#BTC #cpi
October’s U.S. CPI will be released on November 10 at 9:30 p.m. Beijing time.
Inflation was as high as 3.7% year over year last month, and the Fed is still facing price pressures. BTC’s recent rebound has been weak, and institutional fund inflows remain insufficient.
If CPI comes in hotter than expected again, Treasury yields and the dollar could strengthen, putting the $74,000 support level to the test.
But if inflation cools significantly, the market may once again price in expectations of looser policy, triggering short covering.
I think the biggest risk to watch tonight is that the market has already fallen for several sessions, but may not have fully priced in the risk of inflation heating up again.
Which price do you bet BTC will hit first in the 24 hours after the CPI release?
#BTC #cpi
A. 先突破78,000美元，反弹🤫🤫
B. 先跌破73,000美元，继续下探🔶🔶
C. 两个位置都不碰，维持震荡🐷🐷
22 hr(s) left