On November 26, the latest PPI and CPI data suggest U.S. core PCE for September is expected to rise 0.2% MoM and ease to 2.8% YoY—only slightly lower than the previous month. While energy and food costs have pushed wholesale prices higher, several key components within PCE may keep core inflation near recent levels. This will also be the final inflation input available before the December FOMC meeting, where policymakers are widely expected to fiercely debate between a “third rate cut” and holding rates unchanged.
Politically, Trump has moved aggressively—18 months ahead of the midterms—to push tax cuts and urge GOP candidates to focus on “affordability,” aiming to counter voter frustration over rising living costs. The strategy is seen as both energizing the party base and building a “Congress firewall” to avoid a possible third impeachment. However, polls show voter pessimism toward the economy remains high, raising uncertainty over whether the GOP can secure stable support heading into 2026.
In the crypto market, BTC’s 4H structure shows the price hovering around 87,700, still trading in a consolidation range. Key resistance sits near 89,000; a breakout would open liquidity toward 90,500–91,000. On the downside, support lies at the 84,000–84,800 4H demand zone, with 82,500 as the next target if broken. With macro and inflation expectations lacking directional clarity, markets remain in a liquidity-sweep and range-bound environment.
Bitunix Analyst View: Market leadership has shifted from policy direction to the balance between “inflation stickiness vs. economic slowdown.” BTC price structure suggests ongoing battle between bulls and bears around key liquidity zones. Investors should watch for rising volatility ahead of the December meeting and observe whether capital shows real absorption strength at higher price ranges—an indicator of evolving risk appetite.
