The core PCE price index for May, released in the evening, is the inflation gauge preferred by The Federal Reserve (FED). Its results will affect the USD index, the yields on US Treasury bonds, and expectations for interest rate cuts, which will in turn transmit to the Crypto Assets market. If the index is below expectations, it is usually seen as a signal of slowing inflation, which will lower expectations for future rate hikes by The Federal Reserve (FED) and may even prompt the market to anticipate an earlier rate cut. This would lead to a weakening of the USD, with funds flowing out of USD assets, while Bitcoin, as a risk asset, may attract some inflow, pushing prices to rise. If the index is above expectations, the market may maintain its original expectations, and the Bitcoin market may not see an immediate significant change due to this data, but will continue to be influenced by other factors such as market sentiment and macroeconomic policies. However, in the long run, data that meets expectations will also affect the market's judgment on The Federal Reserve (FED)'s policies, thereby indirectly impacting the Bitcoin market.

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On Friday, the overall market continued to fluctuate between bulls and bears. Although both sides attempted to break through, neither was able to maintain momentum. The price of Bitcoin dropped to a low of 106384 before rebounding, and in the afternoon, the price warmed up to a high of 107666 before experiencing a pullback again. Will last Friday's Black Friday continue this week? On the Ethereum side, after hitting a bottom of 2381 in the morning, it rebounded and continued to rise throughout the day, reaching a high of 2462 before stopping. Although the mid-term cycle remains strong, upward momentum has weakened; the MACD indicator's dual lines continue to converge, and the green momentum bars are gradually expanding, indicating that bearish strength is increasing. Currently, the price is in a converging structure, with bulls intending to exert force. The price needs to stabilize above the middle track and be accompanied by strengthening indicators; however, for bears to establish an advantage, the price must effectively break below the middle track support. It is especially important to be cautious of false breakout risks during narrow fluctuations!