What to watch next: jobless claims and Fed speakers on Thursday, then PPI on Friday, and both can move this market fast. 📚
SmartXSignals market notes put weekly jobless claims at 8:30 a.m. Eastern on Thursday 12 November, plus Fed Governor Michael Barr and Presidents Mary Daly and John Williams speaking the same day, and then Friday 13 November brings the October Producer Price Index at 8:30 a.m. Eastern. 📊 After a hot CPI print at 0.4 percent month over month pushed December hike odds to 86.3 percent, a hot PPI would confirm the inflation story and keep sellers in control, while a soft PPI could cool the hike bets and give Bitcoin room to reclaim 74,689 dollars. My rules for the week are simple: size small into the data, because a thin market can gap on one number, wait for the daily close around the 200 day average near 73,150 dollars instead of trading every half hour candle, and never chase a wick without a close to confirm it.
Which data point moves Bitcoin more this week: claims on Thursday, or PPI on Friday? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #PPI
SmartXSignals market notes put weekly jobless claims at 8:30 a.m. Eastern on Thursday 12 November, plus Fed Governor Michael Barr and Presidents Mary Daly and John Williams speaking the same day, and then Friday 13 November brings the October Producer Price Index at 8:30 a.m. Eastern. 📊 After a hot CPI print at 0.4 percent month over month pushed December hike odds to 86.3 percent, a hot PPI would confirm the inflation story and keep sellers in control, while a soft PPI could cool the hike bets and give Bitcoin room to reclaim 74,689 dollars. My rules for the week are simple: size small into the data, because a thin market can gap on one number, wait for the daily close around the 200 day average near 73,150 dollars instead of trading every half hour candle, and never chase a wick without a close to confirm it.
Which data point moves Bitcoin more this week: claims on Thursday, or PPI on Friday? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #PPI
