Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
⚠️ Notes: Plagiarism is prohibi
The CME gap from last Monday has been filled, and the current accumulation zone is between 83600 and 84500, which is exactly the same as the position at the end of last week. For long positions to continue, they must remain above 84800 and not be broken again; for short positions to continue, they must break below the lower edge of the current accumulation zone, i.e., 83600. The position before the opening of the futures market on Monday is crucial.