On Wednesday, the U.S. first quarter GDP and March PCE data will be released, marking a crucial moment! From a cyclical perspective, if the market rises on Monday and Tuesday, it is likely to face a downturn on Wednesday, potentially triggered by some piece of news, such as the release of the U.S. GDP.
The GDP data will reveal the health of the U.S. economy, with market expectations being relatively conservative, only a 0.4% growth rate. If it exceeds expectations, U.S. stocks and BTC may experience a surge. However, if the data falls short of expectations, get ready for a roller coaster ride.
Additionally, the PCE data reflects inflationary pressures, and the tariff increases in March may drive up prices. If the PCE increase is significant, market sentiment may be negatively affected. So, you see, Wednesday is truly a key moment!
