Analysts: the crypto policy framework of the White House may push bitcoin to return to the level of 120,000 dollars the market expects the Federal Reserve (FED) to keep the interest rate unchanged, and the PCE data may affect the trend of interest rate cuts at the end of the year. A more moderate PCE policy and digital asset policy framework could push bitcoin to rise to 120,000 dollars. If the interest rate remains unchanged, traders will follow the trends of the September meeting.News ondaily 21 Shares research strategist Matt Mena stated that this week the market will witness double factors: the market generally expects the Federal Reserve (FED) to keep the interest rate unchanged, while possible personal consumer spending data (PCE) may determine the trend towards lowering interest rates later this year, as the more moderate PCE policy and the digital currency policy framework from the White House are expected to significantly contribute to returning bitcoin to the level of 120,000 dollars and"stimulate price discovery". If the Federal Reserve (FED) keeps the interest rate unchanged today, traders will begin to focus on the September meeting, which may see a cut in interest rates, provided that inflation calms down and labor market data is stable. (The Block)