The PCE data at 8:30 tonight will determine whether the Fed will cut interest rates twice or three times this year. Currently, the market expects the PCE to rise moderately; as long as it meets expectations or is better than expected, the tone for a total of three rate cuts this year will not change, and the market is expected to welcome a rebound. However, there is also a chance that the PCE will be higher than expected, but Trump places great importance on this indicator and interest rate cuts, so even if the data is poor, it should be slightly beautified.

In addition to the PCE, the Consumer Confidence Index and the one-year inflation expectations index will also be released at 10 PM tonight, which are equally critical. If there are issues with this indicator, it would be quite serious. Currently, the market expects this indicator to remain unchanged, appearing relatively mild. If everything meets expectations, there should be a rebound, but the larger support for Bitcoin remains at 107,000 and 106,000, with significant buy orders hanging around here. We will have to wait for the specific results of tonight's data when it's released at 10 PM, which could lead to significant volatility. Hope everything goes smoothly!