Today's core focus is on the impact of the US PCE data at 9:30 PM on market sentiment.

The current market faces multiple risk resonances: macroeconomic uncertainty (the US PCE data may delay rate cut expectations), critical technical levels about to be breached (if BTC falls below $80,000, it may trigger a sell-off), signs of institutional capital withdrawal (continuous high net outflows from ETFs), and high-leverage derivative risks (concentrated long positions may lead to a cascade effect). The vulnerability of market sentiment has significantly increased, and we must be wary of extreme volatility under liquidity tightening.