7:30 PM, PCE news over there, everyone at home ❤️

--> Still the familiar topic, what does the market drop mean? 😆

💥 Before data release like CPI, PCE, Nonfarm..., the market usually fluctuates early due to:

- Front-run: Large investors, SM... adjust positions to hedge risks before the data is announced.

- 3 days before, $BTC fluctuations within the range --> many traders choose to stay out with a wait-and-see attitude --> on the day, the "big fish" use the strategy of "pricing in" to gather good-priced stocks if the news meets expectations.

💥 Today's PCE:

- If it's low or meets forecasts (~2.9% core YoY, ~0.3% MoM) --> The market sees this as a positive signal, Fed could easily cut interest rates in September

--> could bounce back.

- If it's higher than forecast (core >3% YoY or MoM >0.4%) --> Inflation remains a concern, Fed may delay cuts

--> USD strengthens, while coins & stocks might drop further.

- If it’s surprisingly low (<2.8% YoY) --> The market could “pump” strongly due to expectations of greater monetary easing.

💥💥 For those who are lazy to read, lazy to think - here’s the summary 😆:

- PCE meets/under forecasts --> could break strong resistance currently at 110-111.2 and bounce back to 113.5-115.

- PCE high --> could retest 108.6 --> 107-106.5, even the 103 region if panic-sell (as noted on the 27th)

💥 Still remind you futures traders not to enter positions immediately when the news comes out, as it can swing both ways, triggering stop losses and affecting psychology.

💥 I spend all this time writing in detail so that you newcomers can understand and apply it for future occasions. Don’t trade if you don’t have knowledge, everyone, money will go down the drain, it’s very painful. I have guided this in many posts: technical analysis books, technical traps, Wyckoff, the indicators needed on the chart... Search to see the posts and read + research carefully about the market before investing, okay? ❤️

💥 It’s raining too much, cheers everyone 😆