The US September PPI data will be released at 9:30 PM tonight, and retail investors need to keep a close watch at this time.
First, let's talk about expectations: PPI annual rate is 2.7%, monthly rate is 0.3%. However, market rumors suggest that the monthly rate might drop directly to -0.1%—if that happens, inflationary pressures will clearly be cooling down.
What does this mean for the crypto world? The logic is simple: production costs have decreased, and the rationale for the Federal Reserve to cut interest rates is even more justified. When the Federal Reserve signaled a rate cut last year, BTC surged by 30% in just one month, because the "expectations of monetary easing" act as a strong stimulus for the crypto market. As the dollar weakens, funds naturally flow towards mainstream coins like BTC and ETH.
However, that being said, there is a considerable risk in chasing the price up right now. If your position is already quite heavy, it is recommended to keep an eye on the support level of BTC at 86000. If it falls below that, it would be wise to reduce your position to control risk. Friends with lighter positions can wait until the data is released before making a decision. If BTC stabilizes at 89000, it would not be too late to consider following in.
Market opportunities have always existed; the key is not to let emotions take control. There will be significant fluctuations before and after the data comes out, so maintaining a stable mindset is more important than anything else.
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AirdropworkerZhang
· 11-25 13:53
Wait, a monthly rate of -0.1%? If that's really the case, BTC will go through the roof. I’ll have to stay up all night watching the charts.
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DaoTherapy
· 11-25 13:47
If the monthly rate really drops to negative, we need to pay serious attention. The expectation of point shaving can always boost BTC.
The US September PPI data will be released at 9:30 PM tonight, and retail investors need to keep a close watch at this time.
First, let's talk about expectations: PPI annual rate is 2.7%, monthly rate is 0.3%. However, market rumors suggest that the monthly rate might drop directly to -0.1%—if that happens, inflationary pressures will clearly be cooling down.
What does this mean for the crypto world? The logic is simple: production costs have decreased, and the rationale for the Federal Reserve to cut interest rates is even more justified. When the Federal Reserve signaled a rate cut last year, BTC surged by 30% in just one month, because the "expectations of monetary easing" act as a strong stimulus for the crypto market. As the dollar weakens, funds naturally flow towards mainstream coins like BTC and ETH.
However, that being said, there is a considerable risk in chasing the price up right now. If your position is already quite heavy, it is recommended to keep an eye on the support level of BTC at 86000. If it falls below that, it would be wise to reduce your position to control risk. Friends with lighter positions can wait until the data is released before making a decision. If BTC stabilizes at 89000, it would not be too late to consider following in.
Market opportunities have always existed; the key is not to let emotions take control. There will be significant fluctuations before and after the data comes out, so maintaining a stable mindset is more important than anything else.