Tonight, the PCE bomb is coming! A life-and-death situation for Bitcoin? The imminent surge and plunge will soon be revealed
PCE is the Federal Reserve's core inflation indicator, which directly affects monetary policy: data above expectations may strengthen interest rate hike expectations, which is bearish for Bitcoin; data below expectations may boost interest rate cut expectations, which is bullish for the market.
Currently, Bitcoin has been ranging in the $115,000 - $120,000 range for nearly three weeks, with the technical situation being tense between bulls and bears. The upper resistance is at $122,200 and $126,000, while the key support below is at $115,000. The PCE data may be the key to breaking the stalemate.
Historically, PCE data often triggers violent price fluctuations; this time, as Bitcoin is in a critical range, the market reaction may be even stronger. Investors should be cautious of extreme market conditions after the data is released and operate carefully.
The team still has spots available, hop on quickly!
Keep an eye on: SUI PEPE DOGE SOL ETH PNUT
