When the broader market shifts, check the overall market first: $BTC , down 1.05% intraday.
RBC Capital Markets: The CPI report confirms rate hike expectations, but inflationary pressures may be difficult to ease through rate hikes alone—as policy expectations shift, futures funds are the first to adjust. Check whether open interest has changed unusually.
This is bearish, but the market needs to weaken; one headline alone is far from enough.
#BTC
Data is for reference only. Make your own independent decisions.
RBC Capital Markets: The CPI report confirms rate hike expectations, but inflationary pressures may be difficult to ease through rate hikes alone—as policy expectations shift, futures funds are the first to adjust. Check whether open interest has changed unusually.
This is bearish, but the market needs to weaken; one headline alone is far from enough.
#BTC
Data is for reference only. Make your own independent decisions.