As the market generally expects inflation to continue to decline, the door for further interest rate cuts by the Federal Reserve seems to have opened. However, some analysts warn that inflation is not dead, and the market's neglect of inflation may not last long.

The market expects the CPI for September, to be released next Thursday, to rise slightly by 0.1% month-on-month, the lowest increase in nearly three months, with a year-on-year growth of 2.3%, marking a slowdown for the sixth consecutive month and the mildest growth since early 2021.

The core CPI data, which excludes the volatility of food and energy prices, is expected to rise by 0.2% month-on-month and 3.2% year-on-year. The PPI data to be released next Friday is also expected to show a slowdown.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the trend remains healthy.

On the daily level, the price continues to oscillate near the moving averages.

In summary, the support level is 61800, and the resistance level is 62300.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the trend remains oscillating, with a support level of 2410 and a resistance level of 2440.

LTC: The price continues to stay near the upper band of the Bollinger Bands, with a strong price trend, a support level of 66, and a resistance level of 69.

BCH: The price continues to stay near the middle band of the Bollinger Bands, with the trend still oscillating, a support level of 310, and a resistance level of 340.

That's all for now, good night!

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