Analyst: The White House's cryptocurrency policy framework may drive Bitcoin back to the $120,000 level. The market expects the Federal Reserve (FED) to keep interest rates unchanged, and PCE data may influence the trend of rate cuts later this year. A more moderate PCE policy and digital asset policy framework could push Bitcoin up to $120,000. If interest rates remain unchanged, traders will follow the trend from the September meeting. News on daily 21Shares research strategist Matt Mena stated that this week the market will witness dual factors: the market widely expects the Federal Reserve (FED) to keep interest rates unchanged, while potential Personal Consumption Expenditures (PCE) data may decide on rate cuts later this year. If the Federal Reserve (FED) keeps interest rates unchanged today, traders will start focusing on the September meeting, which may see rate cuts, provided inflation calms down and labor market data stabilizes. (Block)