Bitcoin has retraced and rebounded as expected. The current price is around 37500. Pay attention to whether it can reach 38200. If there is no reversal of the general trend, it will not be bearish. #BTC #ETH $
BTC fell sharply after the announcement of CPI and came to around 35400. There should be another small drop. Wash away the long-term unsteady ones. Friends who did not get on the train after the last increase can prepare to buy tickets and get on the train. #BTC #ETH
The CPI for October will be announced at 9:30 tonight. The overall inflation value is 3.7%, and the expected value is 3.1%; the core inflation value is 4.1%, and the expected value is 4.1%. Looking back, the last time the Fed raised interest rates was in July, when the overall CPI fell back to 3% and the core CPI was 4.8%. The Fed pays more attention to the rate of decline of the core CPI. If it falls below 4% this time, the Fed's monetary tightening policy will also come to an end.
As long as it is not very different from the expected value, tonight's CPI will not have much impact on the market.
The only thing that worries me now is the bookmaker using tonight's CPI to kill the contract, so everyone should still pay attention to the risks. #BTC #ETH #