Does the 8:30 PPI data have a big impact? Is it good or bad for the cryptocurrency market?
The price index has little impact, and the main focus is on the number of unemployment benefits. The published value range is weekly data, so the amplitude is not expected to be too large.
The published value within 19.5-22.5 is a small negative for the US dollar, which is good for the crypto market. However, if it reaches 18, the market impact of 68,500 is not a big problem.
If the published value is greater than 23, it is bad for the crypto market. Within 25, it has little impact on the crypto market.
The second most critical influencing factor is the ETF inflow after the opening of the US stock market. If there is no obvious increase, the market is expected to continue to weaken.
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