Tonight at 20:30, we will see the first economic data of October, CPI, and it happens to be a Friday. What are your thoughts?
Tonight’s data is the first major economic report since the government shutdown on October 1st, and it carries significant weight for investors.
This data will be one of the few clear signals reflecting the economic situation ahead of the Federal Reserve interest rate meeting, and it may set the tone for the market’s outlook for the remaining part of the year.
A series of economic data such as small Non-Farm Payrolls and large Non-Farm Payrolls are still being delayed this month. However, I believe tonight’s CPI data will contain a lot of "water," as the US government shutdown continues, public sector unemployment and wages are not being paid. How valuable do you think this data will be? It will definitely cause market volatility.
According to normal analysis, if the released value exceeds expectations, it is definitely bearish for Bitcoin; conversely, it is bullish. The specifics depend on the gap between the data points—whether it's a significant positive or negative.
For evening spectators:
Bitcoin prices are between 113.5K-114K / 4020-4050 with selective orders to short.
Below at 108K-108.5K / 3800-3830 with selective orders to long.
However, with this intermittent data, the market remains generally bullish, and Sister Ying believes that even with some "water," it still leans toward shorting.
If you hold positions, be sure to manage risk carefully. Sister Ying will plan the next order accordingly...#BTC
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Tonight at 20:30, we will see the first economic data of October, CPI, and it happens to be a Friday. What are your thoughts?
Tonight’s data is the first major economic report since the government shutdown on October 1st, and it carries significant weight for investors.
This data will be one of the few clear signals reflecting the economic situation ahead of the Federal Reserve interest rate meeting, and it may set the tone for the market’s outlook for the remaining part of the year.
A series of economic data such as small Non-Farm Payrolls and large Non-Farm Payrolls are still being delayed this month. However, I believe tonight’s CPI data will contain a lot of "water," as the US government shutdown continues, public sector unemployment and wages are not being paid. How valuable do you think this data will be? It will definitely cause market volatility.
According to normal analysis, if the released value exceeds expectations, it is definitely bearish for Bitcoin; conversely, it is bullish. The specifics depend on the gap between the data points—whether it's a significant positive or negative.
For evening spectators:
Bitcoin prices are between 113.5K-114K / 4020-4050 with selective orders to short.
Below at 108K-108.5K / 3800-3830 with selective orders to long.
However, with this intermittent data, the market remains generally bullish, and Sister Ying believes that even with some "water," it still leans toward shorting.
If you hold positions, be sure to manage risk carefully. Sister Ying will plan the next order accordingly...#BTC