$BTC Tonight's PCE data will determine if we can feast! It's all about this one wave!


Don't worry if you don't get it — Sister Luo will explain it simply.
Number goes up = goods are more expensive, money is worth less.
Number goes down = goods are cheaper, money is worth more.
If the data is high👉, U.S. banks won't dare to lower interest rates, and may even raise them. With high interest on bank deposits, people won't want to take money out to buy Bitcoin, and the price tends to fall.
If the data is low👉, U.S. banks can lower interest rates. With no incentive to keep money in banks, people will take it out to buy Bitcoin, and the price tends to rise.
Previously it was 3.30%, the expectation is 3.40%.
If the reported number > 3.40%👉, prices skyrocket! A major bearish signal! Bitcoin will likely plummet immediately.
If the reported number is between 3.30% and 3.40%👉, no big deal! Bitcoin may dip a little or fluctuate back and forth.
If the reported number < 3.30% (e.g., 3.25%)👉, prices have dropped! Great news! Bitcoin will likely take off immediately.
BTC-0.93%
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