News & Insights

ECB interest rate decision out this week

ECB interest rate decision out this week

by Tiffany Wang, Analyst

The US consumer prices rose slightly more than anticipated in September, and the year-on-year core rate increased. This signals the Fed may be less aggressive than previously thought. Last week, expectations for an October rate cut shifted towards a 25 bps hike. The key event to watch this week is the ECB interest rate decision on October 17.

Market Overview from WOO X Research

BTC has successfully broken through the daily moving average (MA140) at $62,371, marking the sixth attempt since the March 14 pullback from $73,777.  

If BTC can hold above $66,000, it could signal the end of the 210-day correction, with an initial target of $84,000.  

However, a drop below $62,371 may lead to a return to the consolidation phase.

Visit WOO X Research for additional insights

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