🚨 PCE TONIGHT — BUT THE FED REACTION MATTERS MORE

July PCE lands at 8:30 PM, but the headline number isn’t the whole story.

For $BTC and $ETH , the key question is whether the data shifts rate-cut expectations.

1️⃣ PCE near forecasts → likely more chop as markets await Powell.

2️⃣ Cooler than expected → could boost rate-cut bets and risk assets.

3️⃣ Hotter than expected → could pressure crypto as yields and hawkish expectations rise.

The number matters. The Fed reaction matters more