As soon as the CPI data was released last night, it remained high for the third consecutive month, stopping the trend of "six consecutive declines". This has increased the market's bets on the Fed to cut interest rates again in December. Although inflation data shows signs of stabilization, from the current situation, Fed policymakers may still cut interest rates by 25 basis points when they hold their last meeting of the year next month.
At midnight, Bitcoin once again showed a strong upward momentum, with prices rising to 93421, once again setting a new record high, and there is a trend towards 100,000.
Yesterday during the day, Bitcoin prices retreated to a low of 86180. At present, its price fluctuates around 90,000, and is preparing to stand firm at the important level of 90,000. Judging from the current situation of continued highs in the market, prices will continue to rise in the absence of top pressure levels.
And for now, the 95,000 level does not seem to be a strong pressure level. From the 4-hour line structure, the price fluctuated and fell after rising, and then continued to rise. In the absence of an effective change in the trend, all retracements are just adjustments after the rise. In the short term, the price of the currency is in a state of continuous upward movement, so don't easily judge the arrival of the top.
At present, the pressure level of the big cake is at the 100,000 level, and the strong support level is at the 85,000 level; the trend of Ethereum is relatively weak, with a strong pressure level of 3,500 and a strong support level of 3,000. #BTC冲破9万 #美国CPI公布后降息预期上升 #BTC连续破新高,你看到多少? #PNUT走高
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