This market is really boring. There will be fluctuations tomorrow night. We should prepare for the lack of interest rate cuts in November.

Bitcoin prices are now hovering around $62,000, and the market is clearly waiting for a series of important economic data to be released by the United States. With the release of the Fed minutes, price fluctuations are relatively calm, and most people are waiting to see how these macro data will affect the market. #CPI数据 #PPI数据 #失业率数据

The Fed unexpectedly cut interest rates by 0.5% in September. In the next few days, the Consumer Price Index (CPI), Producer Price Index (PPI) and unemployment data will be released. These data may become key drivers of market trends, especially the GDP and Personal Consumption Expenditures (PCE) indexes at the end of the month, both of which are expected to have a greater impact on the overall economic outlook.

It now seems that Bitcoin may further test the support level of $61,850, and the overall market is also in a wide range of fluctuations. At present, the volatility of risky assets is relatively low, and everyone seems to be waiting for the release of macro data before taking any rash actions. Judging from the Coinbase Premium Index, the market demand for Bitcoin has also declined, showing a weakening interest from US buyers, hitting a two-month low.

I feel that the real trend of the market may begin to show a new round of trends later this week or after the release of these important data at the end of the month. $BTC