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gift🎁 gift🎁 gift🎁$ Bitcoin analysis focuses on price action, market sentiment, support and resistance levels, trading volume, and key catalysts that could shape BTC’s next major move. $BTC $ETH
I think the Fed is more likely to raise rates by 0.25 percentage points in September. That’s my reading of the data. We still have to wait for the actual decision.
August added 162,000 jobs against a Reuters forecast of 55,000, with unemployment at 4.1%. That gives the Fed some room to deal with inflation.
CPI rose 0.4% for the month and 3.4% over the year. Core CPI was up 0.3% monthly, although the annual figure eased to 2.4%. There’s some progress there, but monthly inflation is picking up again.
I’m holding XAUT/USDT from 4,362 USDT. The move back from 4,400 looks like a pullback to me. I’m cautiously bullish for the next week if buyers defend 4,355–4,360. I’m holding for another attempt at 4,400.
The risk I’m watching is a stronger dollar alongside higher real bond yields. Gold pays no interest, so rising yields can make bonds more attractive and put pressure on my gold position.
If price stays below 4,355, I’d have to rethink the rebound. Clear signs of weaker hiring and cooling inflation would also make me reconsider the hike call.
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