Tonight the PCE is coming, will the market take off or crash? Make sure to see clearly and don’t mess around!

Brothers, the PCE data will be released at 8:30 PM tonight, this is a key inflation indicator that the Federal Reserve is closely monitoring, which basically affects the expectations for the US dollar's interest rate hikes, and will directly impact the crypto market.

If the PCE data is better than expected, inflation pressure will ease, and the Federal Reserve will have the confidence to loosen up, leading the market to be bullish, and both Ethereum and Bitcoin could surge.

But if the data exceeds expectations and inflation is still rampant, then the market will have to worry about interest rate hikes, and once liquidity tightens, the market will likely take a downturn first before anything else.

So tonight is crucial, don't place random bets on direction, wait to see how the PCE data moves, and then make trades based on right-side confirmations.

Let me outline the thought process again:

If the data is good, Ethereum stabilizes at 2466, then look towards 2500 and 2547.

As long as Bitcoin doesn't break the small-level trend, there's a chance to continue rebounding.

If the data is bad, if Ethereum breaks below 2420 with high volume, be cautious and look towards 2400 or even lower.

If Bitcoin breaks down along with it, just short it directly in the short term.

Also, it is very likely that there will be a pin bar move tonight, don’t chase after a single candlestick, wait for 5-10 minutes for stability and confirmation before getting in, otherwise you might get shaken out in the volatility.

Finally, remember that when the market is calm, it’s the time to position yourself, and when the market is at its peak, it’s the time to take profits.

Tonight's PCE is giving you an opportunity, don’t miss it!