tonight 20:30 will bring the first economic data of October, CPI, and it just happens to be Friday. What do you think?
Tonight's data is the first important economic report since the government shutdown on October 1st, which is very significant for investors.
This data will become one of the few clear signals reflecting the economic condition before the Federal Reserve's interest rate meeting, and it may set the tone for the market trend for the remainder of the year.
A series of economic data such as small non-farm and large non-farm employment reports are still delayed, but I believe tonight's CPI data will contain a lot of "water," as the U.S. government is still shut down, public officials are unemployed, and salaries are not being paid. How much value do you think it will have? It will definitely cause market volatility.
According to normal analysis, if the announced value is higher than the forecast, it will definitely be bearish for Bitcoin; conversely, it will be bullish. It still depends on the gap between the data—whether it is a significant positive or a significant negative.
But with this kind of intermittent data, the market generally remains bullish, and Sister Ying believes that even if it contains water, it still tends to be bullish.
If you hold positions, you must control risk well. Sister Ying will then plan the next order and arrange...#BTC
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tonight 20:30 will bring the first economic data of October, CPI, and it just happens to be Friday. What do you think?
Tonight's data is the first important economic report since the government shutdown on October 1st, which is very significant for investors.
This data will become one of the few clear signals reflecting the economic condition before the Federal Reserve's interest rate meeting, and it may set the tone for the market trend for the remainder of the year.
A series of economic data such as small non-farm and large non-farm employment reports are still delayed, but I believe tonight's CPI data will contain a lot of "water," as the U.S. government is still shut down, public officials are unemployed, and salaries are not being paid. How much value do you think it will have? It will definitely cause market volatility.
According to normal analysis, if the announced value is higher than the forecast, it will definitely be bearish for Bitcoin; conversely, it will be bullish. It still depends on the gap between the data—whether it is a significant positive or a significant negative.
For evening spectators:
Bitcoin price 113,500-114,000 / 40,20-40,50 selective orders bearish
Below 108,000-108,500 / 38,00-38,30 selective orders bullish
But with this kind of intermittent data, the market generally remains bullish, and Sister Ying believes that even if it contains water, it still tends to be bullish.
If you hold positions, you must control risk well. Sister Ying will then plan the next order and arrange...#BTC