On Wednesday, the U.S. Q1 GDP and March PCE data will be released, which is undoubtedly a crucial moment! From a cyclical perspective, if the market rises on Monday and Tuesday, then a pullback is likely to occur on Wednesday, and the reason triggering this pullback could be a significant piece of news, such as the release of U.S. GDP data.
The GDP data will directly reflect the health of the U.S. economy, with the market expecting a growth rate of 0.4%, which is rather conservative.
If the actual data exceeds expectations, U.S. stocks and Bitcoin may experience a surge. However, if the data falls short of expectations, the market could undergo significant fluctuations.
Additionally, PCE data reflects inflationary pressures, and the tariff increases in March may push prices higher. If the PCE increase exceeds expectations, market sentiment may be impacted. Therefore, Wednesday's release will be a key moment for the market!
