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October 10/CPI data slightly negative, the market fell to the bottom
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#UNI #BTC #NEARUSDT #doge
🔹Reviews from Cognitive Society
Bitcoin's sharp drop to a low of 60,200 on October 10 coincides with the support level of 60,000 in yesterday's article.
Bitcoin was rebounding, but the negative CPI data interrupted the rebound.
The CPI data is higher than expected, which is a small negative, but Cognition Society does not think it is that simple, because the unsatisfactory CPI data makes it more likely that the interest rate will be cut by 50 basis points in November; at the same time, the small increase in CPI data also shows that the economy is not in recession, so it is actually neutral strictly speaking.
#UNI #BTC #NEARUSDT #doge
🔹Reviews from Cognitive Society
Bitcoin's sharp drop to a low of 60,200 on October 10 coincides with the support level of 60,000 in yesterday's article.
Bitcoin was rebounding, but the negative CPI data interrupted the rebound.
The CPI data is higher than expected, which is a small negative, but Cognition Society does not think it is that simple, because the unsatisfactory CPI data makes it more likely that the interest rate will be cut by 50 basis points in November; at the same time, the small increase in CPI data also shows that the economy is not in recession, so it is actually neutral strictly speaking.
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