Bitcoin: Week of Decisions from the Fed (CPI & PPI)
This week, all traders' eyes are on the USA: • June 11 (Wed): Consumer Price Index (CPI) • June 12 (Thu): Producer Price Index (PPI)
Why is this important for BTC? These data are the main indicators of inflation in the USA. They will directly affect: 1. Expectations for the Fed rates: Strong data ( inflation above forecast ) will reduce the chances of a rate cut in September → pressure on risk assets ( including BTC ). 2. The dollar exchange rate (DXY): The rise of DXY on "hawkish" data usually puts pressure on crypto. 3. Market Sentiment: Unexpected deviations will trigger a surge in volatility.
What should traders do? • Expect increased volatility around the publications ( usually at 15:30 MSK). • Monitor the reaction of DXY and S&P500 - their movement will set the tone for the crypto market. • Check stop-losses - market spikes are likely.
The current technical context ( support/resistance ) and risks ( miners ) remain in place, but macro may become the main driver of the short-term trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin: Week of Decisions from the Fed (CPI & PPI)
This week, all traders' eyes are on the USA:
• June 11 (Wed): Consumer Price Index (CPI)
• June 12 (Thu): Producer Price Index (PPI)
Why is this important for BTC?
These data are the main indicators of inflation in the USA. They will directly affect:
1. Expectations for the Fed rates: Strong data ( inflation above forecast ) will reduce the chances of a rate cut in September → pressure on risk assets ( including BTC ).
2. The dollar exchange rate (DXY): The rise of DXY on "hawkish" data usually puts pressure on crypto.
3. Market Sentiment: Unexpected deviations will trigger a surge in volatility.
What should traders do?
• Expect increased volatility around the publications ( usually at 15:30 MSK).
• Monitor the reaction of DXY and S&P500 - their movement will set the tone for the crypto market.
• Check stop-losses - market spikes are likely.
The current technical context ( support/resistance ) and risks ( miners ) remain in place, but macro may become the main driver of the short-term trend.
#BTC