The PCE data will be released tonight. Will it rise or fall?
In terms of macro data, although the impact of PCE is generally underestimated, there are significant divergences in the interpretation of GDP: one faction believes that the market has fully priced in, and that data lags do not matter; while another faction believes that low GDP actually reinforces expectations for interest rate cuts, which is a positive factor. Additionally, the earnings season is also a short-term factor supporting U.S. stocks.
Overall, uncertainty remains high, and it is more prudent to stay on the sidelines and wait for clearer signals.
Regarding Bitcoin, the current volatile market has not triggered significant turnover, with a strong wait-and-see atmosphere. The main positions are still concentrated in the $93,000–$98,000 range, with short-term support still at $84,000. However, due to holders leaning towards short-term trades, further consolidation is needed to strengthen the structure.
A fantastic opportunity has arrived!! Short Ethereum at 1820, take profit at 1780.
Profited 40 points. Easily achieved double returns.
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Daily trading continues to be profitable. For those currently confused about trading and wanting to break even, leave a comment with 111.