BlockBeats News, August 1, the U.S. June Core PCE year-on-year recorded 2.8%, higher than expected and the previous value revision, marking the fastest inflation growth since February. At the same time, the overall PCE and consumption expenditure rose together, highlighting the re-emergence of inflationary pressures, while a weak labor market and stagnant real income reinforce the risks of economic slowdown. The market expects that this Friday's employment report will further confirm the decline in hiring momentum, adding uncertainty to the policy path.
In terms of BTC, the daily chart shows that the price is gradually converging after consolidating at a high level, currently testing the end of a descending trend line and horizontal support triangle, with the 118,500–118,800 area as short-term resistance, while 116,300 serves as strong support. The liquidation heatmap simultaneously shows a large amount of liquidation buying pressure gathered below 117,000, and the support structure remains stable, but selling pressure above 120,000 has not weakened.
Bitunix analysts suggest:
The June PCE rebound adds inflation uncertainty, combined with the market waiting for Trump's new tariff policy, overall risk is tilted bearish. The BTC chart is at the end of a converging triangle, and it may face a directional choice in the short term. It is advised not to chase prices for now and to observe whether it effectively breaks above 118,800 or drops below 116,300 before making further arrangements.
