The data has exploded! Retail and PPI both surge red, is the bull market rhythm going to get chaotic?


Folks, tonight's data is truly shocking! Fun fact: the "better" the data (more than expected), the worse it tends to be for the crypto market.
🔸 Double "bad news": Retail sales up 0.6% indicates people still have plenty of money to spend, PPI up 3% shows prices are still rising. The Federal Reserve probably has a headache seeing this data; interest rate cuts might be delayed again.
🔸 Trump also joins the chaos: The Supreme Court hasn't decided on tariffs yet, but Trump has already "threatened" a bit, saying that if the court rules against, the US will be finished. Such macro uncertainty is most likely to kill contracts.
🔸 Trading advice: Since the data is bullish for the dollar and bearish for the crypto market, stay steady tonight. Wait until 22:50 to see what Powell says, then look for a reversal opportunity.
Are your positions okay? Planning to open short positions in the opposite direction tonight or buy the dip in batches? See you in the comments! 👇
#BTC走势 #宏观数据 #PPI #Gate广场创作者新春激励 The above content does not constitute investment advice, please do your own research.
$BTC
$ETH
BTC2,96%
ETH3,48%
View Original
post-image
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)