$ETH The big news is coming at 8:30 tonight!!!🔥💥💥



Currently, the mainstream market is still in a state of panic, following the release of unemployment claims data and the May core PCE at 8:30 tonight.

Inflation indicators - the 2% target Powell mentioned earlier refers to its annual rate. Given the current sensitive market conditions, the U.S. stock market continues to decline. On the other hand, there is volatility caused by Micron's earnings report, but more importantly, it's about betting on inflation and interest rate expectations.

According to last month's PCE data of 3.3%, the market's expectation is 3.4%.

It can be viewed in three scenarios:

If ≤3.3%, it means inflation has not continued to rise, the pressure on the Fed to raise interest rates will ease, and market sentiment will see sunshine.

If =3.4%, it basically meets expectations. Although on the high side, it is not surprising. The market will likely not deteriorate further and is about to see a turning point.

Simply put: below 3.4 is bullish, above 3.4 is bearish. If you don't understand the market trend, welcome to consult Brother Yan!!!#BTC下探60000美元关键关口 #现货黄金跌破4000美元
ETH-0.96%
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