This Wednesday, everyone should pay special attention to the upcoming release of the US first quarter GDP and March PCE index.

From the market rhythm perspective, if the market rises on Monday and Tuesday, it is likely to see a pullback on Wednesday. The volatility could be triggered by these important data releases, such as this US GDP report.

GDP can directly reflect the true state of the US economy. Currently, the market's expectation for GDP is very low, at only 0.4%. If the final data is better than expected, US stocks and Bitcoin may continue to rise; but if the data is worse than expected, a pullback is likely, especially since BTC is already at a critical level.

As for PCE, this is an inflation indicator that the Federal Reserve is very concerned about. In March, the US increased certain tariffs, which pushed up commodity prices, so this PCE may see a significant increase. If the PCE data jumps too much, market sentiment may quickly deteriorate.

The short-term market direction is likely to be determined by these two data points!