A quick take on tonight’s CPI: most likely, it’ll dip first and then rise!
If core CPI comes in around 0.3 or higher, expectations of the Fed raising rates by 50 bps in December will increase, and the market will plunge! Focus on short positions!
Bitcoin: 718–688; gold: 4036–3988.
If it finds support and holds, you can go long! If it doesn’t find support, it’ll plunge hard! $BTC $XAUT #CPI前瞻，12月利率走向迎关键考验
If core CPI comes in around 0.3 or higher, expectations of the Fed raising rates by 50 bps in December will increase, and the market will plunge! Focus on short positions!
Bitcoin: 718–688; gold: 4036–3988.
If it finds support and holds, you can go long! If it doesn’t find support, it’ll plunge hard! $BTC $XAUT #CPI前瞻，12月利率走向迎关键考验
