U.S. Q1 PCE data has come out: the annualized quarterly rate is 4.5%, versus expectations of only 3.8%—inflation is picking back up again.



This is a direct negative for big BTC. It’s basically impossible for the Federal Reserve to signal any flexibility in tonight’s remarks. Rate-cut expectations get extinguished, and the market will most likely face pressure and trend downward.

Don’t rush to bottom-fish now—wait until things are truly stabilized first. Hold your hands in check.
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