【Market Update】U.S. PCE inflation came in higher than last month but in line with market expectations. Stock index futures fell, while Bitcoin was down about 1.5% on the day, trading lower within a descending channel. The S&P 500 fell more than 0.5%, AI stocks came under renewed pressure, and gold and silver both plunged. On the daily chart, Bitcoin found support at $79,500 and rebounded; several recent lower wicks have ended at this level. The 50-day moving average is acting as resistance above.