Important data will be released tonight:
US October quarterly CPI annual rate data,
US October quarterly CPI annual rate data if in line with expectations, given Powell's slowdown in interest rate cuts at the beginning of the month, this policy direction will be strengthened.
From the perspective of liquidity, the slowdown in interest rate cuts has reduced the amount of funds flowing into the Bitcoin market, and institutions may adjust their strategies, causing downward pressure on its price;
From the perspective of market sentiment, bullish investor confidence has been frustrated, which may trigger a sell-off.
So will the slowdown in interest rate cuts be a blow to BTC? Will BTC pull back accordingly?
