Four major economic reports are about to be released, and Bitcoin is about to usher in a storm week!
Four heavyweight US economic reports are about to be released this week, which will directly determine the direction of the Fed's policy, and Bitcoin will usher in drastic fluctuations!
CPI (Wednesday): If the inflation data is higher than expected, the crypto market will be under pressure in the short term; if it is lower than expected, the expectation of interest rate cuts will increase, and BTC is expected to rise!
Unemployment benefit data (Thursday): Strong employment = the risk of interest rate hikes remains unchanged, the US dollar strengthens, and BTC is cold; employment declines = economic cooling, the market bets on easing, and BTC soars!
PPI (Thursday): If production costs surge and inflation concerns intensify, Bitcoin may become the first choice for safe havens! PPI slows down, traditional markets pick up, and BTC may fall into volatility.
Retail sales (Friday): The more consumption, the stronger the market confidence, and the demand for BTC will rise; if consumption declines, it may trigger risk aversion, and BTC will usher in a key decision!
