$BTC 📉Lots of people are confused: PCE came in right on expectations, so why isn’t the market rising? Why does it actually seem to be edging lower? Here’s a full breakdown of the underlying logic and what may happen next!
✅ Three key reasons for the decline:
1. Buy the rumor, sell the fact! Warsh’s dovish remarks sparked a rally last night, and investors had already bet on PCE coming in below expectations and inflation cooling quickly. But core PCE month over month rose from 0.2% to 0.3%, confirming sticky inflation. With no upside surprise, bulls took profits and sold off.
2. GDP also came in stronger than expected! The economy is resilient enough to leave the Fed room to raise rates in December. Treasury yields and the dollar rebounded quickly, putting pressure on risk assets.
3. The market was already in a rebound, not the start of a major bull run! Overhead, there’s a buildup of trapped positions and profit-taking, with too little fresh money coming in to carry the rally forward. Once the positive news was priced in, it gave bears a chance to strike—and some breathing room!
✅ For the outlook, keep an eye on two scenarios:
Scenario 1 (bullish recovery): A quick pullback to key support, followed by a hold above the lows and strong buying volume → broad sideways trading. Reduce positions in stages near resistance, don’t chase highs, and look for opportunities to buy near support.
Scenario 2 (weakening, with a correction): Support breaks on heavy volume and buying support disappears → the trend weakens. Don’t try to catch the falling knife; downside potential opens up, so it’s best to stay on the sidelines.
We’re at a key dividing line between bulls and bears, and this is exactly where the market is most likely to shake out both sides!
If you’re unsure whether this is just a shakeout or a genuine breakdown, or don’t know where safe support and resistance/profit-taking levels are, come find me in the chatroom. I’ll monitor the market in real time and provide precise levels to help you avoid catching a falling knife!#比特币Core发布32.1版本提高节点连接上限 #FOMC会议 #西太平洋银行将限制加密支付
✅ Three key reasons for the decline:
1. Buy the rumor, sell the fact! Warsh’s dovish remarks sparked a rally last night, and investors had already bet on PCE coming in below expectations and inflation cooling quickly. But core PCE month over month rose from 0.2% to 0.3%, confirming sticky inflation. With no upside surprise, bulls took profits and sold off.
2. GDP also came in stronger than expected! The economy is resilient enough to leave the Fed room to raise rates in December. Treasury yields and the dollar rebounded quickly, putting pressure on risk assets.
3. The market was already in a rebound, not the start of a major bull run! Overhead, there’s a buildup of trapped positions and profit-taking, with too little fresh money coming in to carry the rally forward. Once the positive news was priced in, it gave bears a chance to strike—and some breathing room!
✅ For the outlook, keep an eye on two scenarios:
Scenario 1 (bullish recovery): A quick pullback to key support, followed by a hold above the lows and strong buying volume → broad sideways trading. Reduce positions in stages near resistance, don’t chase highs, and look for opportunities to buy near support.
Scenario 2 (weakening, with a correction): Support breaks on heavy volume and buying support disappears → the trend weakens. Don’t try to catch the falling knife; downside potential opens up, so it’s best to stay on the sidelines.
We’re at a key dividing line between bulls and bears, and this is exactly where the market is most likely to shake out both sides!
If you’re unsure whether this is just a shakeout or a genuine breakdown, or don’t know where safe support and resistance/profit-taking levels are, come find me in the chatroom. I’ll monitor the market in real time and provide precise levels to help you avoid catching a falling knife!#比特币Core发布32.1版本提高节点连接上限 #FOMC会议 #西太平洋银行将限制加密支付
