BiyaPay Analyst: US July CPI Forecast Data 'Hotter Than Expected', BTC May Retest $110,000 Support
BlockBeats News, August 12th. The U.S. Bureau of Labor Statistics (BLS) will release the July CPI inflation report at 8:30 p.m. on August 12th. The market generally expects that due to tariff-induced price increases, the CPI may rise again, putting sustained pressure on the U.S. economy. According to forecasts, the month-over-month CPI for July is expected to rise by 0.2%, with a year-over-year increase of 2.8%; after excluding the more volatile food and energy prices, the core CPI is expected to rise by 0.3% month-over-month and 3% year-over-year.
It is worth noting that this is also the first CPI report released by the agency after Trump fired the BLS commissioner, raising market concerns about the data's credibility. Both Goldman Sachs and JPMorgan have warned that the data may be "overheated" and could potentially drive ongoing inflation. If the CPI data exceeds expectations, market expectations for a September Fed rate cut may be dampened, potentially causing short-term market volatility. Especially against the backdrop of the current high level of the U.S. stock market, the CPI report could trigger a pullback.
BiyaPay analysts point out that in such a market environment, digital assets such as Bitcoin (BTC) and Ethereum (ETH) face significant pullback risks. In the short term, BTC may come under pressure, and it is advised to adopt a conservative strategy when operating, paying attention to the support level at $112,000. If the market experiences a pullback, it may present an opportunity for repositioning.
At the same time, the BiyaPay platform provides users with convenient cryptocurrency trading services, supporting the mutual exchange of over 200 cryptocurrencies including BTC and ETH, and offering spot and contract order trading with zero transaction fees.
Também poderá gostar de
Em alta
Últimas notícias cripto
O CEO da Tether responde ao FUD: Tether Q3 Group equity perto de US $ 30 bilhões, com obrigações do Tesouro dos EUA gerando aproximadamente US $ 500 milhões em receita mensal líquida
A oferta líquida da Ethereum nos últimos 30 dias aumentou em 77,380 ETH
Rayls terá seu TGE em 1o de dezembro
Os desenvolvedores do Ethereum estão se preparando para a atualização do Fusaka no dia 3 de dezembro.
Hasset: Seria honrado para servir como presidente da Reserva Federal se for nomeado por Trump
Apoio ao cliente:@weikecs
Cooperação empresarial:@weikecs
Trading quant. e criação de mercados:[email protected]
Serviços VIP:[email protected]