Understanding the data indicators that affect the rise and fall in one article (I): Federal Reserve interest rate, CPI/PCE, non-agricultural data
In the cryptocurrency world, we often see some data indicators appearing in news information together with the ups and downs of the market. It seems that the changes in these data indicators are the ups and downs of the market. These data indicators include: US stock VIX index, interest rates, CPI, NFP, US dollar index, etc.
In fact, as Bitcoin becomes more and more closely associated with the traditional world, it is increasingly influenced by the traditional world. Some economic and monetary numerical indicators in the traditional world almost determine the short-term or long-term rise and fall of Bitcoin to some extent.
So how do these data indicators affect the rise and fall of Bitcoin, and what is the logic behind it? How should we use these data indicators to predict the rise and fall of Bitcoin and the cryptocurrency world in the future?
