BTC Market and Macro Trend

Tonight Core PCE Index of September will be annnounced. Previous (August) was 0.6% and forecast for September CPI is 0.5%.

Next week, FOMC will be held on Thursday, November 3, at 3:00 a.m.
Market expect Fed to hike by 75bp next week, which is fully priced in by the markets.
The recent soft macro data and the WSJ article suggesting that moderation in hiking pace could be near have sparked the possibility of a 'pivot' rally in the markets.
But many analysts think that it is still too early.
High spot core inflation, only modest tightening in real financial conditions and rising inflation expectations leave Fed little room to manoeuvre.

Fed Interest Rate

Taker Buy Sell Ratio

The ratio of buy volume divided by sell volume of takers in perpetual swap trades.
Values over 1 indicate bullish sentiment is dominant.
Values under 1 indicate bearish sentiment is dominant.
After rising to 21K, market doesn't push price up more yet.
Luquidity in crypto market is still so weak that need to squeeze positions to get it.