$BTC
How will Bitcoin and Ethereum perform in the future?
Last night, the CPI data released by the United States was coincidentally slightly lower than the composite expectations. This coincidence shows that the United States needs to cut interest rates, but it cannot let the market panic about the recession. Then this small drop close to the expected value is the best choice.
After the data was released, interest rate traders immediately lowered their bets on a 50 basis point rate cut in September. The most important factor is that the Fed must cut interest rates because of interest pressure, but inflation is no longer the most important consideration. The most important thing is overall employment.
From this point of view, if the August expenses and unemployment data are once again lower than expected, then the basic The substantial recession has been confirmed. The only remaining question is whether it will be 50 basis points or 25 basis points in September. Both are possible at present. After all, Powell himself said that the weakening of the labor market is more important than the poor CPI data.
Talking about the current market structure
In fact, the interest rate cut that has been hyped since June has led to an increase of more than 16,000 points, touching the 70,000 mark again, indicating that the market's expectations for the Fed's interest rate cut have begun to be reflected in the market, but it has not stabilized. The German sell-off, the door-to-door incident, etc., have led to a rapid decline in prices, and also completed another round of harvesting.
So after the expectation of interest rate cuts has been hyped for several months, when the interest rate cuts are actually implemented, who will be excited? Whether it is the first rate cut of 50 basis points, the 5% interest rate is still quite attractive to most people. How much can flow out to the market?
This is the biggest risk at present. The good news is exhausted, and all is bad news!
Bitcoin, this time the 70,000 US dollars died again. The big pie of 100,000 US dollars that was planned at the beginning of the year is still being pulled, accumulating strength for the next story. It is impossible to raise interest rates, and the ingredients are still rate cuts. The wash will continue until it is more desperate, and there will be the next wave of breakthroughs to new highs $BTC $ETH $BNB #US CPI data fell for the fourth consecutive month #New coin mining TON #US July PPI is lower than expected #WBTC #TON
Go to my profile and vote for me. 😊📈🧞
How will Bitcoin and Ethereum perform in the future?
Last night, the CPI data released by the United States was coincidentally slightly lower than the composite expectations. This coincidence shows that the United States needs to cut interest rates, but it cannot let the market panic about the recession. Then this small drop close to the expected value is the best choice.
After the data was released, interest rate traders immediately lowered their bets on a 50 basis point rate cut in September. The most important factor is that the Fed must cut interest rates because of interest pressure, but inflation is no longer the most important consideration. The most important thing is overall employment.
From this point of view, if the August expenses and unemployment data are once again lower than expected, then the basic The substantial recession has been confirmed. The only remaining question is whether it will be 50 basis points or 25 basis points in September. Both are possible at present. After all, Powell himself said that the weakening of the labor market is more important than the poor CPI data.
Talking about the current market structure
In fact, the interest rate cut that has been hyped since June has led to an increase of more than 16,000 points, touching the 70,000 mark again, indicating that the market's expectations for the Fed's interest rate cut have begun to be reflected in the market, but it has not stabilized. The German sell-off, the door-to-door incident, etc., have led to a rapid decline in prices, and also completed another round of harvesting.
So after the expectation of interest rate cuts has been hyped for several months, when the interest rate cuts are actually implemented, who will be excited? Whether it is the first rate cut of 50 basis points, the 5% interest rate is still quite attractive to most people. How much can flow out to the market?
This is the biggest risk at present. The good news is exhausted, and all is bad news!
Bitcoin, this time the 70,000 US dollars died again. The big pie of 100,000 US dollars that was planned at the beginning of the year is still being pulled, accumulating strength for the next story. It is impossible to raise interest rates, and the ingredients are still rate cuts. The wash will continue until it is more desperate, and there will be the next wave of breakthroughs to new highs $BTC $ETH $BNB #US CPI data fell for the fourth consecutive month #New coin mining TON #US July PPI is lower than expected #WBTC #TON
Go to my profile and vote for me. 😊📈🧞
