The newly released U.S. Q1 PCE data shows an annualized quarterly rate of 4.5%, significantly higher than the expected 3.8%, indicating inflation is rising again.


This is a clear negative for Bitcoin, and the Federal Reserve will be even less likely to loosen policy tonight.
Market expectations are likely to be pushed back to reality, and the market is probably going to come under pressure and weaken.
Don't rush to buy the dip; wait for signals before acting. #BTC
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