Today's CPI will determine the base for interest rate cuts! The battle to decide the life and death of the currency circle has officially begun! Can Bitcoin hold on?
The Fed cut interest rates by 25 basis points in September, beware that CPI may bring market fluctuations
Reuters survey: 92 out of 101 economists expect the Fed to cut interest rates by 25 basis points on September 18, and 9 economists expect a 50 basis point cut. At present, 25 basis points are basically stable, and the liquidity of the interest rate cut will not be released all at once. It must be a long process
The US CPI data will be released at 8:30 tonight. If the published data is far lower than expected, it will affect the basis for interest rate cuts, thereby causing huge market fluctuations. Pay attention.
The big cake is consolidating around 57,000
The market finally ushered in a long-awaited rebound. Yesterday, the big cake suddenly pulled up and rushed all the way to 5w8. Although the market has a correction again during the day today, I have said many times before that the market in the Asian session is not that important, and foreigners will not refer to the daytime trend
Today is a restorative market. There was a small drop just now, breaking 57,000. It is still hovering here. On Monday, I said that this week we will see a correction from Wednesday, Thursday and Friday. After today's upward surge, we will see the strength of the retracement. The big cake has repaired yesterday's upward pin market and pulled back to the resistance position of 58,000 points. Let's see how the daily line will close today.
The main force is still in the US stock trading period. After the US stock market opened, the Bitcoin ETF also ended 8 consecutive days of capital outflows, with a net inflow of 28.6 million dollars. This is definitely good news. You must know that a total of 1.2 billion US dollars flowed out in the previous 8 days. This number is terrifying.
The reason why the secondary market is so bad is that everyone can't see when the ETF outflow will end, because ETF represents the financial support of traditional institutions, so the ETF's stop falling is very important to market confidence.
It is also crucial to continue the inflow of funds, because if this wave goes up, it will touch the 6w point. The next market 6w point is definitely the basic point. The sooner it stands, the sooner the market will start.
