The market generally believes that the core CPI (including food and energy imports) may only increase by 0.2% month on month in August, which is one of the main indicators of inflation
The market generally believes that the core CPI (including food and energy imports) may only increase by 0.2% month on month in August, which is one of the main indicators of inflation. Analysts expect an unexpected decrease in inflation.
If the actual data matches expectations, the Federal Reserve may decide to keep interest rates unchanged at the upcoming policy setting committee meeting from September 19th to 20th.
This decision will be welcomed by the market, especially the cryptocurrency market, as it is widely regarded as a risky asset market and therefore will face greater pressure.
Before the news is released, Bitcoin may experience another rise, and in response to this situation, the cryptocurrency market as a whole is showing a general upward trend. As of Tuesday, Bitcoin is consolidating its upward momentum. The latest price chart shows that the price has exceeded the key level of $26000. Since August 23rd, Bitcoin prices have been fluctuating below the resistance level of $26150, but there have been multiple highs above it, which is expected to convert this level into a support level. This will be the first step to restore the upward trend since the beginning of the year.
The bullish divergence and death crossover on the Bitcoin price chart are technical analysis tools used to analyze market trends and price trends. In this case, bullish divergence and death crossing may be used to attempt to predict the future trend of Bitcoin prices, but it should be noted that technical analysis is only a method of analyzing the market and may not be accurate- Bullish Divergence indicates a discrepancy between the market's price trend and certain technical indicators, which may indicate that prices may rise. In the situation you mentioned, the bullish divergence formed on the daily time frame may be seen as a positive signal that there may be opportunities for upward movement.
The views on future market prospects involve inflation, economic growth, Federal Reserve policy, Bitcoin, and investment. Please note that the future development of the market is uncertain, and predicting market trends is a complex task.
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Economic scaleSpending in the economic cycle is the primary component, but its timing and severity are difficult to accurately predict. The government and central bank usually take measures to cope with economic expenditures and maximize economic stability.
Federal Reserve PolicyThe Federal Reserve's monetary policy has a significant impact on the market. Policy adjustments may include interest rate hikes, interest rate cuts, or the use of other monetary tools, which will affect capital flows and market sentiment.
Bitcoin and cryptocurrencyThe cryptocurrency value market is highly volatile, and its price is influenced by various factors, including market demand, adoption rate, regulation, etc. The status and changes of Bitcoin remain the focus of market controversy.
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Finally, the future of the market is full of uncertainty, and no one can accurately predict the development of the market. Therefore, any decision should be based on sufficient information and detailed analysis, while inciting long-term investment beliefs. Bitcoin and other cryptocurrency markets carry high risks, and investors should carefully consider this.
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