Song Xiqing: How to view CPI night? One sentence—The rebound continues to be suppressed.



At 8:30 PM, CPI data will be released, with the market expecting the overall annual rate to return to the "4-handle." Non-farm payrolls are already quite strong; if CPI exceeds expectations again, the expectation for interest rate hikes will rise, global assets will be re-priced, and Bitcoin won't escape a sharp drop.

Some might think: Will CPI data landing lead to a rebound? Don't think too much. Right now, Bitcoin is hovering around 61k, with resistance at 62.5k-64k. Even if the data causes a short-term spike, it's just an opportunity to add positions, not a reversal. The downward trend remains unchanged; if 60k can't hold, it will break sooner or later.

My view is simple: CPI won't change the direction. Strong data will only reinforce tightening expectations, and Bitcoin will continue downward. Weak data, and a rebound will still be suppressed.

Wait for the data, wait for the rebound, and act when the time is right.

Personal review, not investment $BTC advice.
BTC0.18%
ETH-0.5%
GT-0.96%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned