Evening river navigation trend personal perspective:


The US July CPI data is crucial, indicating that the market expects core inflation to rebound moderately, and there is a hawkish-dovish standoff within the Federal Reserve! The likelihood of a rate cut in September has decreased, and the market is repeatedly speculating about a Federal Reserve rate cut, with the key being that the rebound in inflation also suggests that the US economy is becoming increasingly sluggish! For tonight's CPI data, the market is sure to be volatile! Focus on the time period from 9:00 to 10:30!

From the 4-hour chart, the price of the coin shows a continuous change in wave patterns. On the surface, it appears to be in a W-shaped bottom formation, but today's bullish momentum is not perfect.

Around 118800-119400, look at: around 117600-116800.

Near 4310-4340, look: around 4250-4210

Start with what you must do, then do what you can, and suddenly you will be able to do what you once thought was impossible. #BTC# #ETH#
BTC-2.05%
ETH-2.26%
View Original
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
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)