As soon as the key CPI data came out last night, the market was like playing a "fake fall" game. It seemed like it was going to keep falling, but it suddenly turned around and began to slowly climb up. Now the market is like building a solid bottom and preparing to stay stable for a while.
The CPI (Consumer Price Index, which reflects whether things are expensive or not) at the end of August was 2.5% on an annualized basis, which was lower than what everyone had thought and lower than last month, and was very close to the "perfect number" that the Federal Reserve wanted.
If this number drops too fast, people might worry about whether the economy is failing and panic. But fortunately, in addition to the total CPI, there is also a core CPI (which removes some factors that have a big impact, such as oil price fluctuations). It has risen slightly this month, and the annual rate just meets everyone's expectations. This is like good news, telling everyone that the economy is not that bad, and the market is much more at ease.
So what should we do next? Everyone thinks that the Fed will cut interest rates this month, just like opening a small hole in the economic pool to release water. Now the most popular guess is a 25 basis point cut, and the probability of this is almost 80%. So it seems that a rate cut this month is a foregone conclusion, and the cut is just right, not too much or too little. Compared with the ups and downs caused by not cutting or cutting too much, such a mild rate cut is like a reassurance to the market, which will not make people too excited or scared.
BTC
It has proved what we said in the course that it goes down first and then up. Technically, it hunts down liquidity and fills the gap of 55,500! 55,500 is the long-short watershed mentioned in the previous daily report! Currently, we are waiting to hunt up liquidity above 58,500! Then judge whether it can stand firm? If it stands above, consider the 59,300-59,800 area above. Otherwise, after hunting, the probability of continuing to go down still exists. It is recommended to trade mainly on the right side!
ETH
Is it accurate? Is it exciting? 2300-2270 is the right time to buy! Currently waiting for the price to hunt above 2400! If it stands above, continue to look up to 2440-2490, otherwise there is also a probability of continued downward fluctuations!
SUN
The main feature is also a precise stimulation! Get on board accurately at 130-126! Waiting for the test near 138!
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